09:56 - 6.11.2026

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November 6, Fineko/abcnews. Gold is heading for its largest weekly gain of around 5% since August, despite taking a breather following a pull-back in the US dollar and Treasury yields after the US midterm elections. Spot gold eased 0.6% to trade at $4,064.53 per ounce.

While tech stock sell-offs forced some investors to liquidate gold to cover equity losses, analysts note that the precious metal is gradually regaining its safe-haven appeal. Meanwhile, spot silver rose 0.4% to $51.96 per ounce. Investors are now focused on upcoming US non-farm payrolls and next week's CPI data for further rate signals.