Gold steadies at $3,900 after slide on Fed hike bets: Nov 2, 2026
Gold steadies at $3,900 after its worst October since 2008, following a slide linked to Fed hike bets that was amplified by margin calls. Headlines also link a modest recovery to declining oil prices with US elections in focus, alongside geopolitical attention after reported Iranian missile and drone attacks in West Asia.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (12)
First seen on November 2
- Gold rebounds to near $3,900 despite inflation worriesFXStreet
- Gold Rises, But Expectations of Tighter U.S. Monetary Policy WeighThe Wall Street Journal
- Gold Price Forecast: XAU/USD recovers modestly as oil prices decline, US elections in focusFXStreet
- Gold’s slide to one-year low: margin calls amplified a fall driven by Fed hike betsInvestingLive
- Gold: Recovery toward 2027 despite near-term pressure - OCBCFXStreet
- Gold steadies at $3,900 after worst October since 2008gulfnews.com
Carried over from earlier days
- You can’t wear an ETF: Designers fight for Dhanteras goldgulfnews.com
- Iran missile, drone attacks destroy 26 US bases in West Asiaen.mehrnews.com
- Gold & Silver Plunge as the Fed's Inflation Trap TightensGold Eagle
- Oh Woe Be Gold & Silver, but Whoa Are They Cheap!Gold Eagle
- When Support Gives Way: Gold and Silver's Friday ShowdownGold Eagle
- Gold Had Its Worst October Since 2008: Will It Crash Further This Week?BeInCrypto
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 2 | ||
| Retail Sales y/y | 3.0% | CHF |
| Manufacturing PMI | 55.3 | CHF |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing PMI | 54.5 | USD |
| Construction Spending m/m | 0.4% | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Loan Officer Survey | USD | |