Gold price risks next week - Vietnam.vn

AI desk brief

Gold had a highly volatile week, swinging from an early recovery above $4,050/oz to a late-week selloff that briefly hit $3,870/oz, the lowest in over a year, as tech-stock liquidation and broader asset de-risking overwhelmed some support from lower Treasury yields and a weaker dollar. The key near-term technical zone is $3,900-$4,000/oz on COMEX; a high-volume close below that range could expose $3,500/oz, according to independent analyst Jesse Colombo.

Macro catalysts next week are heavy: ISM manufacturing, JOLTS, ADP, ISM services, BoE policy, weekly jobless claims, nonfarm payrolls, and the University of Michigan sentiment survey. Traders are watching for further clues on growth, inflation, and the Fed path; one cited analyst said gold may keep falling if markets continue to price tighter policy into December, while rising oil and inflation concerns keep the longer-term outlook mixed.