Gold Price Today: $4,045 Saturday After 165,000 Jobs Lifted…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold fell 1.02 percent on Friday to settle at $4,045 an ounce following stronger-than-expected US jobs data. Despite the decline, gold gained about 4 percent over the week as markets look ahead to the October CPI report.
Why it matters
A payrolls number almost three times the forecast makes it harder for the Federal Reserve to pause, and markets moved quickly to price a December hike as the most likely outcome. Gold pays no interest, so higher expected rates make it less attractive than cash and bonds.
Key facts
- Spot gold dropped 1.02 percent to $4,045 on Friday, while December Comex futures settled down 0.83 percent at $4,079.50.
- US nonfarm payrolls rose by 165,000 in October against an expected 65,000, lowering unemployment to 4.1 percent.
- CME FedWatch odds for a 25 basis point Federal Reserve rate hike in December rose to approximately 77 to 80 percent.
Source excerpt · FinanceFeeds
Updated 7 November 2026, 09:30 GMT. Gold markets are shut for the weekend. Spot gold ended Friday 6 November at $4,045 an ounce, down 1.02 percent on the day (Rio Times closing data), and December Comex futures settled at $4,079.50, down $34 or 0.83 percent (Investing.com). The US economy added 165,000 jobs in October against about 65,000 expected, the dollar index rose 0.72 percent and CME FedWat…