Gold rebounds toward $4,000 as oil falls and dollar softens: Nov 3, 2026
Gold steadied around $3,900 and rebounded toward $4,000 after breaking below that level in its worst October since 2008 and a historic $1T+ drop across gold and silver. The bounce coincided with falling oil prices and a softer U.S. dollar on Iran peace hopes, while tightening and liquidation pressure linked to the Fed's inflation stance were cited behind the earlier plunge.
Updated
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Headlines (8)
Carried over from earlier days
- Gold & Silver Plunge as the Fed's Inflation Trap TightensGold Eagle
- Gold: Recovery toward 2027 despite near-term pressure - OCBCFXStreet
- Gold steadies at $3,900 after worst October since 2008gulfnews.com
- Gold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge — Is Today’s Bounce Just Relief?ActionForex
- Historic $1T+ Gold and Silver Crash Shakes MarketsInvesting.com
- Gold and Silver Rebound HardGoldSilver
- Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US DollarFXStreet
- Gold rebounds from 1-year low, silver tops $50 as oil prices fallaa.com.tr
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 3 | ||
| CPI m/m | 0.0% | CHF |
| JOLTS Job Openings | 7.15M | USD |
| Factory Orders m/m | 1.2% | USD |
| RCM/TIPP Economic Optimism | 46.2 | USD |
| Omdia Total Vehicle Sales | 15.8M | USD |
| Congressional Elections | USD | |
| API Weekly Statistical Bulletin | USD | |
| Wednesday, November 4 | ||
| CPI m/m | CHF | |