Overview
- Spot prices climbed to roughly $4,140 per ounce after the biggest daily gain since May, with silver pushing toward $50.
- CME FedWatch showed roughly 64–67% odds of a December rate cut as weak jobs and consumer sentiment data reinforced easing expectations.
- The U.S. Senate advanced and, per some reports, passed a deal to reopen the government, reducing policy uncertainty and restoring delayed data releases.
- Domestic markets tracked the jump, with India’s bullion prices rising to around Rs 1,24,000–1,26,000 per 10g and Pakistan’s rate up Rs 7,400 per tola.
- Structural support remained intact from sustained central-bank buying and ETF inflows, even as several analysts expect a corrective or range-bound phase.