NewsSignals AI analysis·CNBC TV18·Nov 2, 2026

Gold, silver outlook: Why analysts remain cautious despite Monday's recovery

Grade Abearish AI signal$XAU$XAG

Gold and silver are attempting to recover from October's sharp sell-off, but analysts warn that the rebound does not yet confirm a reversal of the broader bearish trend. International spot gold gained 0.6% to $3,899.39 per ounce and silver rose 1.3% to $49.76, while analysts cite elevated US interest-rate expectations and continued technical weakness as risks. Upcoming US employment data on November 6 could intensify volatility and determine whether precious metals extend their recovery or resume their decline.

Bullish strength: 30/100

International spot gold rebounded 0.6%.
International spot silver gained 1.3%, leading the recovery.
Easing crude oil prices have reduced some inflation concerns.
Festive and wedding-season demand continues to support India's bullion market.

Bearish strength: 70/100

Gold fell 3.7% and silver nearly 6% on October 30.
Analysts say the rebound does not confirm a reversal of the broader downward trend.
Elevated US interest rates and the absence of expected Fed rate cuts could weigh on silver.
US rate futures indicated a 72% probability of a 25-basis-point Fed rate hike in December.
A stronger US dollar and higher bond yields could pressure precious metals.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in macro.

Gold climbs to two-week high as dollar, yields weaken

Gold climbed 1% to $4,102.50 per ounce, reaching its highest settlement since October 21 as a weaker US dollar and falling Treasury yields boosted demand. The 10-year Treasury yield dropped 5.5 basis points to 4.836%, while silver gained 0.2% to $52.233 per ounce. Gold could face renewed selling pressure if Friday's US jobs report strengthens expectations for a December Fed rate hike, despite improving near-term momentum.

Goldman Sachs trims gold forecasts as Fed stays hawkish

Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650 and its end-2027 target to $4,800 from $5,400, citing the Federal Reserve's increasingly hawkish policy stance. The bank warned that higher oil prices and equity-market drawdowns could trigger additional gold selling, while central-bank demand and long-term investor interest remain supportive. Lower price targets could pressure gold sentiment, although persistent structural demand may limit downside and support longer-term prices.

Goldman Sachs lowers gold price forecasts on hawkish Fed outlook

Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650, citing the Federal Reserve's increasingly hawkish policy outlook. The bank also reduced its end-2027 forecast to $4,800 from $5,400, warning that higher interest rates could weigh on investor demand despite continued central-bank buying. Persistent monetary tightening and potential oil-driven selling could pressure gold, although structural central-bank demand and fiscal-risk hedging may limit downside.

Treasury Yields Hover Around Two-Month Lows Ahead of Payrolls — Market Talk

U.S. Treasury yields are hovering near two-month lows as bond markets increasingly price in the possibility of a December Federal Reserve rate hold ahead of October payrolls. The 10-year yield fell to 4.836% and the two-year to 4.475%, while December rate-hold odds climbed to 35% from 17% in one day. Tomorrow's jobs report could trigger a sharp repricing of rate expectations, potentially driving renewed volatility across Treasury yields, the dollar and gold.