Gold Price Today: $4,044 Friday as the October Jobs Report…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold dropped 1.1 percent to $4,044.09 an ounce on Friday following a sharp Wall Street sell-off that triggered asset liquidations. Market attention shifted to the forthcoming October US payrolls report to gauge Federal Reserve interest rate expectations.
Key facts
- Spot gold fell 1.1 percent to $4,044.09 an ounce on Friday, while December US gold futures declined 1.5 percent to $4,053.30.
- Goldman Sachs cut its end-2026 gold price forecast to $4,150 from $4,650.
- Traders estimate a 68 percent to 70 percent probability of a Federal Reserve interest rate hike in December.
Source excerpt · FinanceFeeds
Updated 6 November 2026, 07:30 GMT. Spot gold fell 1.1 percent to $4,044.09 an ounce by 05:01 GMT on Friday, and December US gold futures dropped 1.5 percent to $4,053.30 (Reuters via Business Recorder). FXEmpire's feed had spot at $4,047.63 at 06:40 GMT. Gold is still on track for its best week since late August, but Thursday's Wall Street rout, when the S&P 500 lost about 4.4 percent and the Nas…