Gold price update today, November 9th: Awaiting signals of the US economic 'health,' the era of tangible assets is coming. - Vietnam.vn

AI desk brief

The source reports gold rose from about $3,891/oz to $4,146 last week before closing near $4,070, attributing the recovery partly to a weaker dollar and Treasury yields. It reports October payroll growth of 165,000 versus a 65,000 forecast, tempering expectations for Fed easing. Kitco’s 13 surveyed analysts were divided: 31% bullish, 38% bearish and 31% neutral, versus 68% bullish among retail respondents. The source identifies November 10 CPI and November 13 PPI as upcoming catalysts: hotter inflation could pressure gold if it strengthens the dollar and tightens policy expectations, while cooler inflation could support easing expectations.