# Gold Rebounds, but I Remain Wary Ahead of Friday's Jobs Report

> Gold rebounded on Wednesday after the December futures contract settled at $3,940.40 per troy ounce the previous session, down $29.20. Treasury real yields rose, with the 5-year at 2.35% and the 10-year at 2.65%, and the market awaits Friday's US jobs report.

- Date: 2026-11-04 · published 2026-11-05T00:14:36.076Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80766-gold-rebounds-but-i-remain-wary-ahead-of-friday-s-jobs-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising real yields raise the opportunity cost of holding non-yielding gold, so the rebound looks vulnerable to renewed selling. For feed buyers this is a macro signal with little direct effect on feed commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-26 | [Fed's Goolsbee sees lower interest rates in a year's time, but warns of uncertainties, FT reports](https://feedsoft.ai/events/25476-fed-s-goolsbee-sees-lower-interest-rates-in-a-year-s-time-but-warns-of.md) | +0.3% | -2.9% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |
| DXY | 2025-08-30 | [Ringgit steadies as markets eye Bank Negara and US jobs data in first week of Sept \| Malay Mail](https://feedsoft.ai/events/23581-ringgit-steadies-as-markets-eye-bank-negara-and-us-jobs-data-in-first-week-of.md) | -0.1% | -0.1% |
| DXY | 2024-11-15 | [Australian Dollar holds recovery ahead of US Retail Sales data](https://feedsoft.ai/events/27662-australian-dollar-holds-recovery-ahead-of-us-retail-sales-data.md) | +0.1% | +0.2% |
| DXY | 2025-11-21 | [Dollar slips against yen but heads for broad weekly rise \| Reuters](https://feedsoft.ai/events/22143-dollar-slips-against-yen-but-heads-for-broad-weekly-rise-reuters.md) | -0.5% | -1.3% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/gold-rebounds-but-i-remain-wary-ahead-of-fridays-jobs-report-1642534

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.