Gold (XAU/USD) holds firm near the $4,000 level on Friday, supported by renewed safe-haven demand and growing bets of another Federal Reserve rate cut in December. Persistent concerns over the prolonged US government shutdown and uncertainty surrounding President Trump’s tariff policies have weakened risk sentiment, boosting demand for the yellow metal.

Fresh data showing job losses in the US private sector has further reinforced expectations of monetary easing, weighing on the Dollar and favoring Gold. According to CME’s FedWatch Tool, markets now price in a 67% chance of a December rate cut, up from 60% last week.

Technically, XAU/USD faces resistance near $4,020–$4,030. A decisive break above this zone could open the door to $4,050 and potentially $4,100. On the downside, immediate support lies at $3,975, followed by $3,930. Despite short-term hesitation, the broader outlook remains bullish while Gold holds above $3,900.