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Gold's 5.9% weekly gain

Gold's 5.9% weekly gain

Spot gold rose 0.4% to $4,103.55 an ounce, putting it on track for a weekly gain of 5.9%, while U.S. gold futures held steady at $4,112.80. Investors awaited the U.S. jobs report for clues about the path of interest rates, with the probability of a rate hike in December estimated at 71%, after jobless claims fell to their lowest level in 57 years. Goldman Sachs cut its end-2026 gold price forecast to $4,150 an ounce from $4,650, citing tighter U.S. monetary policy.

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