Gold (XAUUSD) prepares to break above its highs
Gold (XAUUSD) prices have resumed growth, reaching 4,190 USD. Further highs remain possible. Find more details in our analysis for 14 November 2025.
XAUUSD forecast: key trading points
Gold (XAUUSD) appears strong after a brief correction
Demand for safe-haven assets will keep gold supported
XAUUSD forecast for 14 November 2025: 4,245
Fundamental analysis
Gold (XAUUSD) prices climbed back to 4,190 USD per ounce on Friday after an earlier attempt to retest three-week highs. The market reversed amid a broad asset sell-off following the US government’s reopening.
The rally at the start of the week was driven by expectations that official data, delayed due to the shutdown, would reveal labour market weakness, reinforcing the case for a Federal Reserve rate cut. However, as Treasury yields rose, demand for non-yielding assets weakened, prompting some investors to take profits. Comments from Federal Reserve officials also cooled expectations, as most emphasised that a December rate cut is not guaranteed.
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