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Gold holds above $4,100 amid strong US job data, but rate hike risks loom.

Market News
05 Nov 2026, 15:50 WIB
Kitco
View Source
Neutral
Gold holds above $4,100 amid strong US job data, but rate hike risks loom.

Gold prices remain steady above $4,100 an ounce despite strong US labor market data showing a drop in weekly jobless claims to 189,000, the lowest since July. This positive employment trend supports the Federal Reserve's potential interest rate hike in December to curb inflation. While gold has shown resilience, the upcoming Nonfarm Payrolls report will be a key test for market direction. Investors are watching closely as the Fed balances inflation goals with economic growth.

Gold prices holding above $4,100 an ounce provide context for readers following precious metals. For readers following market breadth on Pluang as of Nov 05, 2026 20:01 WIB, out of 150 priced US stocks, 94 rose and 54 fell. Notable movers include NVAX at USD 11.21 with a 1-day change of +5.31% and a typical hold time of 60 days, AMAT at USD 349.82 down 5.30%, and MU at USD 755.05 down 5.05%, with Pluang order activity favoring buys for all three.

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