Gold prices today, November 7th, have plummeted dramatically, causing market reversals under pressure. The World Bank confirms that upward momentum is fading from this point onwards. - Vietnam.vn

AI desk brief

Gold was quoted at $4,070.30/oz on November 6, 2026, down 0.47%, after briefly exceeding $4,100. The article attributes to the World Bank average-price forecasts of $4,600/oz for 2026, $4,250 for 2027 and $4,000 for 2028, with the first two revised down from April. The bank expects investment and central-bank demand to moderate but remain supportive, alongside subdued jewelry consumption, slightly higher mine output and increased recycling. Its projected decline still leaves prices more than 75% above the 2021–2025 average; reported renewed official buying could cushion weakness. Domestic quotations inconsistently label units as ounces and taels.