Early gains in gold give way to selling as stocks decline

SPOT MARKET IS OPEN
(WILL CLOSE IN 4 HRS. 52 MINS. )
Nov 06, 2025 12:09 PM NY Time

Live Spot Gold

Bid/Ask

3,982.503,984.50

Low/High

3,963.904,020.50

Change

+4.30+0.11%

30daychg

-29.10-0.73%

1yearchg

+1,330.50+50.14%

Silver Price & PGMs

Nov 06, 2025 12:09 PM NY Time

Kitco Morning Fix

Silver47.92-0.02
Platinum1,528.00-31.00
Palladium1,359.00-42.00
Rhodium7,850.00+100.00

(Kitco News, Thurs. Nov. 6th, 2025) – Gold and silver prices are weaker and have lost earlier gains amid selling pressure across most of the raw commodity futures markets today. A sharp sell off in the U.S. stock market today is not helping out the safe-haven metals—at least not yet. Neither is a lower U.S. dollar index and a did in U.S. Treasury yields. December gold was last down $6.10 at $3,986.30. December silver prices were down $0.382 at $47.635.

The key outside markets today see the U.S. dollar index lower. Crude oil prices are weaker and trading around $59.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.2%.

Note: The gold market operates through two primary pricing mechanisms. The first is the spot market, which quotes prices for on-the-spot purchase and immediate delivery. The second is the futures market, which sets prices for delivery at a future date. Due to year-end positioning market liquidity, the December gold futures contract is currently the most actively traded on the CME. 

Technically, December gold futures bulls’ next upside price objective is to produce a close above solid resistance at $4,100.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $3,800.00. First resistance is seen at today’s high of $4,028.70 and then at $4,059.90. First support is seen at the overnight low of $3,973.20 and then at this week’s low of $3,935.70.

December silver futures bulls’ next upside price objective is closing prices above solid technical resistance at $50.00. The next downside price objective for the bears is closing prices below solid support at $45.00. First resistance is seen at today’s high of $48.615 and then at $49.00. Next support is seen at $47.50 and then at $47.00.

 

Posted by:

Jack Dempsey, President

401 Gold Consultants LLC

jdemp2003@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *

three × two =