Gold Wants To Stay Above $4,000, But Can It?

GOLD

After reaching the all-time high of $4,380 per ounce on October 20th, 2025, Gold started moving lower. During the past 2 ½ weeks, Gold has reached a low of $3,915, and has traded above and below the key $4,000 level numerous times. Today, the largest Gold demand came during London trading, when Gold reached a high of $4,027 before seeing a sell-off.

The Bull/Bear Gold war continues to rage this week as the price closes this week at $4,005 per ounce, up $17 for the day on excellent volume.

Today, a private report issued by outplacement firm Challenger, Gray & Christmas showed weak U.S. numbers, with the largest drop in more than 20 years for October. This report offers some guidance on the state of the labor market, given the dearth of federal statistics due to the government shutdown. The weakness in the labor market increases speculation that the Federal Reserve will cut interest rates in December.

SILVER

Silver reached a high today of $48.92 during trading in London. Silver has developed excellent support above $47 and appears to have enough demand to stay above the $48 level.

At 11am PT today, Silver is trading at $48.34 per ounce, up $0.15 on good volume.