Gold Rises on Higher U.S. Rate-Cut Bets After Layoffs DataStock Market News From Nov. 7, 2025: S&P 500, Dow Recover from Early SlideLast Updated:12 hours agoByGiulia Petroni, Dow Jones NewswiresGold prices were rising in early trading after the latest U.S. data showed a surge in October layoffs, boosting expectations for a Fed interest-rate cut in December.Futures in New York gained 0.6% to $4,014.40 a troy ounce and are on track for a weekly gain of 0.5%. Analysts at BMI expect gold to stay elevated in the coming weeks but note risks are skewed to the downside due to uncertainty over a potential December cut.While Fed officials remain divided on the policy path ahead due to limited data from the government shutdown, traders are pricing in a 67% chance of another cut next month, according to the FedWatch tool.