11 Nov 2025
🌟 GOLD PRICE UPDATE (XAU/USD) 🌟
Gold climbs to a 2-week high as traders boost bets on a Fed rate cut in December 💰
📈 Current Price: ~$4,141
📊 Trend: Bullish momentum intact
Gold extends gains for the third straight session, supported by Fed rate cut expectations and US economic concerns linked to the prolonged government shutdown. Despite a modest USD uptick, bulls remain in control as safe-haven demand strengthens.
⚙️ Market Drivers:
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Fed likely to cut rates by 25–50bps in December 🏦
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Weak consumer sentiment (3-year low) adds pressure on USD
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Technicals show bullish continuation above $4,140
🎯 Outlook: A break above $4,160 could open the door toward $4,200+.
Support holds at $4,100 – $4,075 zone.