Actual
3,949.83
Daily Change
18.15 0.46%
Monthly
-4.59%
Yearly
-0.76%
Q4 Forecast
3,815.16
Gold - Summary

Gold prices edged higher to around $3,940 an ounce on Wednesday, supported by a weaker US dollar and falling Treasury yields as early US midterm results pointed to Democrats gaining ground in both chambers of Congress. Markets interpreted the results as potentially increasing the likelihood of political gridlock in Washington and limiting prospects for further fiscal expansion. Meanwhile, easing oil prices amid hopes of continued US-Iran diplomacy helped alleviate inflation concerns, although Tehran and Washington remained far from a deal to end their conflict. President Donald Trump declined to rule out renewed US military operations following the elections. Separately, investors awaited Friday's US nonfarm payrolls report for further clues on the Federal Reserve's policy outlook. Markets currently price in a 78% chance of a Fed rate hike in December, keeping expectations of restrictive monetary policy a potential headwind for non-yielding metals.

Gold - Stats

Gold rose to 3,939.33 USD/t.oz on November 4, 2026, up 0.19% from the previous day. Over the past month, Gold's price has fallen 4.84%, and is down 1.03% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on November 4 of 2026.

Gold - Forecast

Gold rose to 3,939.33 USD/t.oz on November 4, 2026, up 0.19% from the previous day. Over the past month, Gold's price has fallen 4.84%, and is down 1.03% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 3815.16 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3530.12 in 12 months time.



Price Day Month Year Date
Gold 3,949.83 18.15 0.46% -4.59% -0.76% Nov/04
Silver 49.58 -0.215 -0.43% -18.80% 3.35% Nov/04
Copper 6.29 -0.0897 -1.41% -4.51% 26.62% Nov/04
Steel 2,995.00 -1.00 -0.03% -2.51% -0.93% Nov/04
Lithium 92,850.00 -950 -1.01% -25.69% 15.34% Nov/04
Platinum 1,401.00 -29.00 -2.03% -18.72% -9.55% Nov/04
Iron Ore 91.03 -0.22 -0.24% -0.46% -12.91% Nov/03



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Jun 2026
Russia Gold Reserves 2282.98 2304.75 Tonnes Jun 2026
Italy Gold Reserves 2451.83 2451.84 Tonnes Jun 2026
India Gold Reserves 880.52 880.52 Tonnes Jun 2026
Germany Gold Reserves 3349.29 3350.25 Tonnes Jun 2026
France Gold Reserves 2437.00 2437.00 Tonnes Jun 2026
China Gold Reserves 2346.43 2313.46 Tonnes Jun 2026
United States Inflation Rate 3.70 3.40 percent Sep 2026
United States Fed Funds Interest Rate 4.00 4.00 percent Oct 2026

Gold
Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
3939.33 3931.68 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Edges Higher as Dollar Weakens
Gold prices edged higher to around $3,940 an ounce on Wednesday, supported by a weaker US dollar and falling Treasury yields as early US midterm results pointed to Democrats gaining ground in both chambers of Congress. Markets interpreted the results as potentially increasing the likelihood of political gridlock in Washington and limiting prospects for further fiscal expansion. Meanwhile, easing oil prices amid hopes of continued US-Iran diplomacy helped alleviate inflation concerns, although Tehran and Washington remained far from a deal to end their conflict. President Donald Trump declined to rule out renewed US military operations following the elections. Separately, investors awaited Friday's US nonfarm payrolls report for further clues on the Federal Reserve's policy outlook. Markets currently price in a 78% chance of a Fed rate hike in December, keeping expectations of restrictive monetary policy a potential headwind for non-yielding metals
2026-11-04
Gold Climbs as Oil Slump Eases Inflation Fears
Gold prices recovered to around $3,965 an ounce on Tuesday, erasing early losses and extending Monday’s 2% gain, as investors welcomed a fresh decline in oil prices ahead of the US midterm elections. Oil reversed earlier gains after President Donald Trump said the US would end its $4 billion aid programme to Israel by year-end. Meanwhile, US Energy Secretary Chris Wright said overnight strikes on Iran’s Qeshm Island had not disrupted regional oil supplies. Lower oil prices could ease inflationary pressures and reduce expectations of further central bank rate hikes. Markets currently price in nearly a 75% chance of a Fed rate hike in December, according to CME’s FedWatch Tool. Meanwhile, US midterm elections are underway, with control of the House and Senate remaining a key focus for investors. Separately, the World Gold Council lowered its forecast for gold investment growth this year to 200 metric tons from 400 tons, while raising its estimate for central bank purchases.
2026-11-03
Gold Resumes Decline
Gold prices fell toward $3,900 per ounce on Tuesday, surrendering gains from the previous session as oil prices rebounded following reports of a US strike on Iran’s Qeshm Island, heightening concerns over renewed inflationary pressures. Investors also turned cautious ahead of the US midterm elections, which will determine control of both chambers of Congress, with a potential Democratic takeover adding to market uncertainty. Meanwhile, renewed selling pressure in technology and artificial intelligence stocks further weighed on gold, as widespread liquidations across financial markets continued to affect precious metals. Investors also kept a close watch on developments in US-Iran negotiations for signs of diplomatic progress. An Iranian spokesperson said that "the ball is in the US court" regarding a potential agreement to end the conflict, while President Donald Trump stated in a social media post that Iran was eager to reach a settlement as soon as possible.
2026-11-03