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Precious Metals Preview: COMEX gold likely to stay subdued on dollar strength
21-Nov-2025 08:50

COMEX gold futures continue to stay subdued on Friday morning in Asia and are likely to end the week slightly lower. Firm dollar overseas, hovering above 100 mark after a stronger than expected US jobs report is dragging the yellow metal lower by 0.22% on the day and is currently quoting at $4051.20 an ounce. The closely watched U.S. Labor Department report, delayed by the federal government shutdown, showed that September nonfarm payrolls increased by 119,000, more than double the estimated increase of 50,000. The US unemployment rate rose to 4.4% with the number of unemployed people at 7.6 million as of the month ended September 2025, compared to the 4.1% jobless rate with 6.9 million people in the same period a year ago.

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