Gold slips below $4,100 as blowout jobs report lifts Fed hike odds: Nov 8, 2026
Gold staged an election rebound with its best day since August, as a tech selloff failed to spark the heavy liquidation seen in the recent pattern. The move came alongside large central-bank purchases amid geopolitical risk and reported explosions around Qeshm, before a blowout jobs report pushed prices below $4,100 on renewed Fed hike odds, leaving analysts divided on whether the bounce lasts.
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Headlines (10)
First seen on November 8
Carried over from earlier days
- Gold drifts lower as rebounding bond yields and Fed hike bets support USD ahead of US NFPFXStreet
- Gold: Consolidation with cautious optimism – OCBCFXStreet
- A welcome change for gold as tech selloff fails to spark heavy liquidation, breaking the recent patternInvestingLive
- Global Central Banks Splurge $42,423,360,000 on Gold in Just Three Months Amid Heightened ‘Geopolitical Risk and Concerns’dailyhodl.com
- 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 |