00:45 UK · Update
📡 DEVELOPING · 🟢 BULLISH for gold
Asian stock markets falling sharply: 3 headlines in 90 min
🕒 Fri 06 Nov, 00:45 UK
• Japan's 10-year bond futures rose while Nikkei stock futures fell 7% in early trade
• South Korea's Kospi fell 8.8% below 5,000, triggering a trading halt for 8 minutes
• Japan and South Korea markets dropped steeply as technology stocks sold off
💡 What it means: Stock markets in Japan and South Korea have dropped hard on worries about the economy. That kind of fear usually sends investors toward gold as a safer place to hold their money.
🟢 3 of 3 headlines · Gold $4,101.80
03:28 UK · Update
📉 Gold down 1.0% today · now $4,049.50
−$41 since the close on Thu 05 Nov
Why it moved (🔴 bearish news for gold):
🔴 Oil rose on fresh tanker attacks, raising inflation worries.
💡 Higher oil raises inflation worries, making Fed rate cuts less likely, which usually hurts gold.
🕒 Fri 06 Nov · 03:28 UK / 22:28 New York
06:05 UK · Morning brief
☀️ Fri 6 Nov · ⚪ MIXED for gold · Stocks crashed, gold fell too
Gold about $4,045 (down about $70 since the last brief)
🚨 Big day: US jobs report at 13:30 UK / 8:30am New York. Big releases like this often move gold.
We'll post the result within about 20 minutes.
📰 What happened
• 🔴 Overnight: gold fell about 1% in Asian trading as oil climbed again
• 🔴 Brent oil rose about 4% to $98 after new attacks on tankers near Hormuz
• 🟢 US stocks had their worst day since April 2025, led by AI chip makers
• 🔴 Two Fed officials, Hammack and Barkin, backed slow, steady rate rises
Why it matters
Dearer oil can keep US prices climbing.
That gives the Fed more reason to raise, not what gold wants.
The stock crash pulled the other way.
Markets now see about a 70% chance of a December Fed rate rise, down from over 80%.
📅 Next 24 hours
Times: UK / New York
13:30 / 8:30am US jobs report (NFP), new jobs in October 🔥🔥🔥 HIGH
Expected 59,000 to 65,000 new jobs
Last time 29,000. Jobless rate expected 4.2%
🟢 if weaker | 🔴 if stronger
15:00 / 10:00am US shopper mood survey (Michigan) 🔥🔥 MEDIUM
Expected about 48. Higher = shoppers more upbeat
🟢 if gloomier | 🔴 if more upbeat
📖 Gold lesson
Fear doesn't always lift gold.
In a sharp stock fall, some investors sell gold to cover losses elsewhere.
That selling can push gold down, even when the news should help it.
09:47 UK · Update
📡 DEVELOPING · ⚪ MIXED for gold
Fed on inflation and tariffs: 3 headlines in 90 min
🕒 Fri 06 Nov, 09:46 UK
• Fed's Williams says inflation is still too high and has been for too long.
• Fed's Williams says the effect of tariffs is mostly over now.
• Fed's Williams says technology like chips has little effect on prices.
💡 What it means: A Fed official said inflation is still too high but tariff effects have passed and technology is not pushing prices much, leaving the path for US rates unclear.
⚪ 1 bullish, 1 bearish, 1 neutral · Gold $4,076.40
13:33 UK · News landed
⚡ Gold dropped $27 in 9 minutes · now $4,040.90
From about $4,068 at 13:24 UK.
Why it moved (🔴 bearish news for gold):
🔴 US nonfarm payrolls 165K in October vs 70K forecast and 29K previous
💡 More reason for the Fed to raise rates makes savings and bonds look better than gold, which pays no interest.
🕒 Fri 06 Nov · 13:33 UK / 08:33 New York
13:37 UK · News landed
⚡ 🔴 BEARISH for gold · 🇺🇸 US jobs report (NFP) · 🔥🔥🔥 HIGH
🕒 Fri 06 Nov · 13:30 UK / 8:30am New York
What happened
New jobs (jobs added outside farms): 165,000 vs 65,000 expected (prev 60,000)
September was revised up to 60,000, from 29,000 first time round.
Unemployment (share of people looking for work): 4.1% vs 4.2% expected (prev 4.2%)
Pay (average hourly earnings): up 0.4% in October (prev 0.3%)
Surprise: about 100,000 more jobs than expected, and fewer people out of work.
Textbook
BEARISH for gold.
US firms hired far more than expected, and pay picked up too.
That gives the Fed more reason to raise rates, which usually weighs on gold.
What gold did
About $4,050 to $4,060 by 13:37 UK, down more than $30 on the day.
What's next
US inflation (CPI): Tue 10 Nov, 13:30 UK / 8:30am New York.
15:01 UK · News landed
⚡ 🟢 BULLISH for gold · 🔥🔥 MEDIUM
University of Michigan survey shows Americans expect 4.3% inflation over the next year, below the 4.6% forecast
Why: Americans now expect inflation of 4.3% in a year, below the 4.6% forecast. That gives the Fed less reason to raise interest rates, which helps gold.
Gold $4,051.00
🕒 Fri 06 Nov · news 15:00 UK
15:02 UK · News landed
⚡ 🔴 BEARISH for gold · 🔥🔥 MEDIUM
University of Michigan consumer sentiment came in at 51, beating the forecast of 48
Why: US consumer sentiment hit 51, better than the 48 forecast. Stronger confidence can mean more spending and inflation pressure, giving the Fed more reason to raise rates, which is bad for gold.
Gold $4,051.00
🕒 Fri 06 Nov · news 15:00 UK
15:02 UK · Update
📡 DEVELOPING · 🔴 BEARISH for gold
US economy and job market: 3 headlines in 90 min
🕒 Fri 06 Nov, 15:01 UK
• Fed official Musalem says US consumer spending and business investment are growing quickly on an optimistic outlook
• White House adviser Hassett says the US jobs market is hitting on all cylinders
• University of Michigan US consumer confidence 51 in early reading, above the 48 forecast and previous 48
💡 What it means: US spending, investment and jobs are growing quickly, and Americans feel better about the economy than forecasters expected. That can keep US interest rates high, which usually weighs on gold.
🔴 3 of 3 headlines · Gold $4,051.00
16:36 UK · Update
📡 DEVELOPING · 🟢 BULLISH for gold
Bank of Japan policy: 3 headlines in 90 min
🕒 Fri 06 Nov, 16:36 UK
• Bank of Japan Governor Ueda speaking live
• Bank of Japan Governor Ueda says Japan's current account underwent a striking shift
• Bank of Japan Governor Ueda says underlying inflation in Japan reached 2% for the first time in decades
💡 What it means: The Bank of Japan's Governor said underlying inflation in Japan has reached 2% for the first time in decades. That can lead to higher rates there, which would strengthen the yen, weaken the dollar and help gold.
🟢 3 of 3 headlines · Gold $4,061.40
18:07 UK · News landed
⚡ 🔴 BEARISH for gold · 🔥🔥🔥 HIGH
Fed's Daly says the central bank will have to tighten policy further
Why: Daly says the Fed will have to raise rates further. More rate rises mean higher borrowing costs, which hurts gold.
Gold $4,063.30
🕒 Fri 06 Nov · news 18:06 UK
18:24 UK · News landed
⚡ 🔴 BEARISH for gold · 🔥🔥 MEDIUM
Fed's Daly says services inflation is not falling as expected
Why: Services inflation staying stubbornly high means the Fed has more reason to raise rates. Higher borrowing costs usually weigh on gold.
Gold $4,065.10
🕒 Fri 06 Nov · news 18:22 UK
18:45 UK · News landed
⚡ 🔴 BEARISH for gold · 🔥🔥🔥 HIGH
Fed's Daly says rate rise likely even as tech stocks dive sharply
Why: Daly hinting at a rate rise despite the tech-stock fall means the Fed will tighten anyway. That keeps US interest rates rising, which hurts gold.
Gold $4,071.30
🕒 Fri 06 Nov · news 18:36 UK
