CME Group's November 2026 COMEX gold futures delivery report lists delivery intentions dated November 5, with delivery scheduled for November 9. The report identifies Wells Fargo Securities and Morgan Stanley among the firms involved, but the supplied figures are incomplete. The delivery breakdown could provide insight into physical gold futures activity, though the available data is insufficient to establish a broader market signal.
Bullish strength: 50/100
Bearish strength: 50/100
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.
India's gold demand has picked up as Diwali buying coincides with prices falling to a seven-month low, bringing bargain hunters back into jewellery showrooms.
Dhanteras sales are expected to rise around 10% year over year, while local gold prices recently dropped to 137,863 rupees per 10 grams before recovering to around 141,800 rupees.
Stronger Indian buying could support global gold prices, although rising imports may widen India's trade deficit and pressure the rupee.
Gold fell 1% after stronger-than-expected US payrolls boosted the dollar and Treasury yields, increasing pressure on bullion.
Spot gold traded at $4,047.10 per ounce, while markets raised the implied probability of a December Fed rate hike to 74.8% from 72.8%.
Higher-for-longer rate expectations could continue weighing on non-yielding gold, although the metal remained up 4.5% for the week.
Nasdaq futures rebounded 1.6% as AI stocks recovered in premarket trading following a global technology selloff that erased $2.5 trillion from the Nasdaq's market value on Thursday.
Asian markets suffered heavy losses, with South Korea's Kospi plunging more than 6% and Japan's Nikkei entering a bear market, while Nvidia shares recovered nearly 4% premarket.
The recovery could signal that investors are reassessing fears of AI-sector disruption, but upcoming U.S. jobs data could trigger renewed volatility through changing Federal Reserve rate expectations.
Nasdaq futures rebounded 1.6% as AI stocks staged a tentative recovery following Thursday's $2.5 trillion wipeout in Nasdaq market value, while investors braced for U.S. jobs data.
Nvidia climbed nearly 4% premarket, but Asian markets remained under heavy pressure, with South Korea's Kospi plunging over 6% and Japan's Nikkei entering bear-market territory after falling more than 20% from its June peak.
Today's October payrolls report could intensify volatility across equities, Treasury yields and broader markets as investors reassess AI valuations and Federal Reserve rate expectations.