-
Gold and Silver: Consolidation Before the Next Breakout
Gold (XAU) prices are consolidating around the $4,000 level after the Federal Reserve’s rate cut last week. Despite a sharp drop from the record high of $4,380, gold still posted a solid monthly gain of 3.74% in October. Hawkish remarks from Federal Reserve officials, including Cleveland Fed President Beth Hammack, have dampened expectations for another rate cut in December. Her comments reinforced market doubts and signalled the Fed’s commitment to maintaining restrictive policy amid persistent inflation. Meanwhile, the strength of the U.S. dollar also weighed on gold prices, limiting further upside. However, ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxempire.com | Nov 2, 2025
Silver (XAG/USD) ended the week in positive territory, settling at $48.92, up from Monday’s low of $45.55. The rally reflected a shift in positioning after the Federal Reserve’s latest rate move and gold’s midweek rebound. Still, the late-week rejection below resistance leaves sellers in control for now, with the short-term trend skewed to the downside. The ...
From dailyforex.com | Nov 3, 2025
Silver traded with sharp volatility on Thursday, around $48.50, as the market seeks direction after a major rally. Stability appears more likely than further gains, with $47 as key support and $50 remaining a critical resistance zone. Silver was very volatile during the trading session on Thursday as we continued to move around the $48.50 level. This is a ...
From home.saxo | Nov 3, 2025
Gold’s extraordinary rally this year has entered a cooling phase. The metal, still up around 54% year-to-date, has just logged its first back-to-back weekly loss since June, marking a near USD 500 top-to-bottom correction from the record high reached in October. The tone during this time has shifted from exuberance to reflection, with traders reassessing ...
