Overview

• Spot prices touched $3,578.50 and recently traded near $3,562.44, while U.S. December futures climbed to about $3,635.50.
• Odds of a 25-basis-point cut this month rose to 98% after JOLTS showed job openings fell by 176,000 to 7.18 million.
• Analysts cited intensified safe-haven demand tied to global debt burdens and fiscal strains, with lower rates seen as a tailwind through a softer dollar.
• Ross Norman told Reuters that rate cuts appear virtually assured and would provide strong support for bullion.
• EL CEO reported that President Donald Trump has pressed the Fed, criticized Chair Jerome Powell, and attempted to dismiss Governor Lisa Cook, while silver, platinum and palladium also rose and copper briefly hit a five-month high.