Spot gold held near $3,876 an ounce on Sunday, 1 November, about 3.3% below where it started the week, while Brent crude's last Friday trade stayed above $113 a barrel. GoldPrice.com showed $3,875.65 at 5:08 a.m. ET, or $124.61 a gram. A live screen tracked by GoldOilPrice had gold at $3,876.40, down 3.29% on its weekly reference, with metals and oil futures closed for the weekend. That is a clear step down from Friday's $3,997 print in Friday's commodities note, and from the $4,007 area on Monday.
Gold is down about $130 on the week and silver is back under $50
A Sunday market wrap that matched its gold print to CNBC put spot gold at $3,875.02, down $134.02, or 3.3%, from Monday 26 October. Silver was $49.254 on the GoldOilPrice screen, down 5.93% on that same weekly reference, after Friday's trade near $51. Bullion is now below the $4,000 line that held for most of late October. Weekend spot quotes can drift while futures are shut. The next test is Monday's reopen, with Friday's US jobs report the macro event of the week. That forecast is in the economy note.
Brent finished Friday at $113.43 and WTI held near $104
Brent futures last traded at $113.43 a barrel on Friday, up 2.37% from the prior session, with a day range of $111.05 to $114.29, GoldOilPrice said. That close is back from Friday's push through $114, and it is still up about $2.89, or 2.6%, from Monday. WTI was $104.12, up 2.08%, inside a day range of $102.43 to $104.99. The Brent to WTI spread was about $9.31. Oil enters November with Brent still above $113 after a month that was tracking a fourth straight gain. Bitcoin's Sunday trade near $78,000 is in the markets lead. Follow bullion and crude on the commodities desk.