Gold & Silver Morning Update 11/18/2025 | The Bregar Minute
A nerve-racking Asian session for the precious metal bulls last night because gold & silver quickly gave up their bounces above Friday’s lows, and Chinese demand did not show up. The stopping out of a few thousand more gold long positions below yesterday’s lows around 2:30amET, and a bounce for the S&P futures and Bitcoin to finish that hour, then helped the precious metals recover into the NY open. Broad USD / US yield weakness following this morning’s latest ADP employment report (showing the US shed another 2500 jobs / week in the four weeks ending Nov 1) is now helping gold burst above its COMEX opening range and the overnight high + decouple from equity / crypto volatility. December rate cut odds have risen from 40% back to 50%. This is a good sign for the bulls. Hopefully the Fed’s Barr & Barkin don’t screw things up when they speak today.
This material is provided strictly for informational purposes and should not be construed as investment, legal, tax, or financial advice. Precious metals and other investments involve risk and may not be suitable for all investors. Past performance is not a guarantee of future results, and market conditions can change without notice. The information presented is believed to be reliable; however, no representation or warranty, express or implied, is made as to its accuracy, completeness, or timeliness. No liability will be accepted for any loss or damages arising from the use of, or reliance on, this material. This publication does not constitute an offer, solicitation, or recommendation to buy or sell any product, security, or investment strategy. Readers should consult with independent financial, legal, tax, and other professional advisors before making investment decisions. All product names, trademarks, and company names mentioned are the property of their respective owners. Reference to them does not imply endorsement.