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Gold Surges Past $4,000 as Weak Jobs Data Boosts Rate Cut Expectations

Gold Surges Past $4,000 as Weak Jobs Data Boosts Rate Cut Expectations

Author:

Global Cryptocurrency

Published:

2025-11-07 00:18:02

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BTCCSquare news:

Gold futures breached the $4,000 threshold as October layoffs surged to 153,074—the highest monthly total since 2003—intensifying economic uncertainty. Markets now price a 69.9% probability of a December Fed rate cut, up from 62% yesterday. Lower rates typically buoy non-yielding assets like gold.

Morgan Stanley projects a $4,400 Gold price target for 2026, citing potential upside to $4,500 by mid-year amid robust ETF inflows and central bank accumulation. "The recent pullback has normalized overbought RSI conditions, creating healthier positioning," the bank noted.

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