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Gold holds above $4,000 amid steady US services growth and Fed tightening concerns.

Market News
04 Nov 2026, 17:26 WIB
Kitco
View Source
Neutral
Gold holds above $4,000 amid steady US services growth and Fed tightening concerns.

Gold prices remain supported above $4,000 an ounce despite modest slowing in the US services sector, which grew at a PMI of 54.5 in October, slightly below expectations. The steady expansion signals a resilient economy and persistent inflation, allowing the Federal Reserve to continue its interest rate hikes. This economic backdrop keeps pressure on gold, but the market shows no sharp reaction, with spot gold up over 2% on the day. Investors will watch upcoming economic data for further clues on Fed policy and gold's direction.

Gold prices and US service sector growth provide context for Pluang's market snapshot as of Nov 04, 2026 22:02 WIB. On Pluang, 124 of 150 priced US stocks rose today. Notable movers include UPST at USD 23.00 with a 7.63% increase and 100% buy order activity, FUBO at USD 8.22 up 7.59%, and CVNA at USD 76.20 rising 6.90%.

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