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| Gold bounced back above$4016; set for marginal weekly rise |
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| (14:51, 07 Nov 2025) |
| Gold futures traded higher by more than half a percent at around $4016 per ounce on Friday, supported by weak US labor data that reinforced expectations of a near-term Federal Reserve rate cut. On the MCX, December delivery futures climbed 0.5% to ₹121239 per 10 grams. However, gains remained limited as the dollar index rebounded to 99.7 after Thursday’s sharp fall, curbing bullion’s advance. The yellow metal is on track for a modest weekly gain after declining for two straight sessions. With the US government shutdown delaying official jobs data, traders turned to private reports — Challenger data showed 153,000 job cuts in October, the highest for that month in 22 years, driven by AI-related cost optimization.
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