Gold retreats below $4,100 as strong jobs data lifts Fed hike bets: Nov 7, 2026
Gold staged a post-election rebound, posting its best day since August and rising about 7% over three sessions, with the metal holding steady despite a tech-led selloff. The bounce faded after a strong U.S. jobs report lifted bond yields, supported the dollar and increased expectations around Fed rate hikes, pushing prices below $4,100. Analyst views are divided on whether the rebound can last.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Gold page.
Headlines (9)
Carried over from earlier days
- Gold jumps as oil slumps on Iran diplomacy hopes, an early test of Citi’s thesisInvestingLive
- Gold and Silver Surge 7% & 10% in 3 Sessions: All Targets Achieved - What’s Next?Investing.com
- Gold drifts lower as rebounding bond yields and Fed hike bets support USD ahead of US NFPFXStreet
- A welcome change for gold as tech selloff fails to spark heavy liquidation, breaking the recent patternInvestingLive
- Gold just had its best day since AugustFXStreet
- Gold Price Today: One analyst sees 20% more upside, two warn the post-election bounce may not lastFXStreet
- A Surging Jobs Report Knocked Gold Down. Silver Shrugged It Off.GoldSilver
- Gold’s Election ReboundGold Eagle
- Gold dives below $4,100 as blowout NFP underpins Fed hike oddsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Cleveland Fed Inflation Expectations | USD | |
| Tuesday, November 10 | ||
| SECO Consumer Climate | CHF | |
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 97.7 | USD |