Gold & Silver Morning Update 11/11/2025 | The Bregar Minute
More strength as expected for the precious metals overnight following yesterday’s strong performance, with the bulk of the gains coming in Asia (despite S&P and broader USD consolidation). This hints that real Chinese gold demand is back, and that some of those sidelined bulls I mentioned have now entered. Dollar selling since this morning’s 8:15amET ADP report (saying that US lost an average of 11,250 private-sector jobs in the four weeks ending October 25) is now attempting to push gold & silver higher again, but the Asia highs are still holding, the PGMs continue to have a tough time since the NY open, and the S&P futures continue to dribble lower. We could end up having a choppy rest of the day given these conflicting signals and the absence of US bond market participants (because of today’s Veterans Day closure) might add to that.
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