{
  "id": 18566113,
  "title": "Gold dives below $4,100 as blowout NFP underpins Fed hike odds",
  "url": "https://urgent.news/2026/11/06/gold-dives-below-4-100-as-blowout-nfp-underpins-fed-hike-odds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T18:39:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-dives-below-4-100-as-blowout-nfp-underpins-fed-hike-odds-202611061839"
  },
  "original_language": "en",
  "account": "Gold prices fell below the $4,100 mark on Friday as the release of a stronger-than-expected US employment report boosted the likelihood of a Federal Reserve rate hike at the December meeting. The XAU/USD price traded at $4,060 at press time. Investor sentiment remained positive as they bought dips in US equities following impressive Nonfarm Payrolls (NFP) data, which surpassed expectations with a 165K increase. The Unemployment Rate also fell from 4.2% to 4.1%. Despite a cooling inflation outlook, the US Dollar Index (DXY) rose above the 102.00 threshold. The Federal Reserve's chances of raising rates in December increased from 67% to 77%, according to the CME FedWatch Tool. St. Louis Fed President Alberto Musalem expressed that concerns about inflation are still present. Despite this, US Treasury yields slightly decreased, with the 10-year T-note yielding 4.840%. Discussions between the US and Iran could potentially lead to an agreement, but Houthi attacks on Saudi Arabia continue. Analysts are watching for next week's US inflation figures, jobless claims, and Fed officials' comments, as Gold prices have retreated since hitting a weekly high of $4,146. The yellow metal is expected to end the week around $4,050-$4,150, with a possible drop below $4,000.",
  "summary": "Gold price retreats after peaking at $4,106, drifting lower nearly 1% on Friday as the US employment report crushed forecasts and increased the chances that the Federal Reserve (Fed) could increase rates at the December meeting. The XAU/USD trades at $4,060 at the time of writing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}