Gold & Silver Morning Update 12/4/2025 | The Bregar Minute
A gold selloff as feared overnight after the bulls failed to regain the 55hr moving average. The bears pounced on the first chance they got and, unfortunately for the bulls this time, it was a legitimate reason to sell: a much higher-than-expected USDCNY fix from the PBOC (aggressive pushback against Chinese yuan strength) that lifted the broader USD. Add another round of G7 bond yield advances to mix on BOJ rate hike / yen-carry-trade unwind fears from the MSM, and even the “risk-on”-supported silver & PGM markets couldn’t hang on any longer. Early NY trade was a nerve-racking affair for the bulls as they watched US yields and the dollar spike higher following a much stronger-than-expected Initial Jobless Claims number for the week ending Nov 29, but the bears couldn’t not break gold & silver definitely below today’s COMEX opening ranges, and the yield/USD moves reversed by 9amET, and so we’re now seeing counterintuitive rallies for everything as the bears cover. This is quite fitting honestly after yesterday’s non-sensical MSFT-induced selling. With broader risk sentiment on the up and up going into the S&P cash open, the gold bulls have a great opportunity now to confidently regain the 55hr moving average.
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.