Gold price prediction: Will gold continue its surge on Dhanteras? Check outlook for November 6 - The Economic Times

AI desk brief

Spot gold rose 0.4% to $4,103.55/oz, taking weekly gains to 5.9%, while silver gained 0.5% to $52.01/oz. Goldman Sachs cut its end-2026 gold forecast to $4,150 from $4,650, citing a more hawkish Fed; the article reports a 71% probability of a December rate hike ahead of US payrolls. Tighter policy could pressure gold if it raises expected real yields. Prithvi Finmart’s Manoj Kumar Jain places gold support at $4,064–4,022 and resistance at $4,140–4,174; silver support is $51.20–50.00 and resistance $53.50–54.40. These are attributed technical levels, not confirmed price outcomes.