Gold prices today, November 9th: Upward trend faces challenges, SJC gold remains high. - Vietnam.vn

AI desk brief

Gold ended the reported week near $4,072/oz, up nearly 5%, after recovering from $3,870 to almost $4,147; December 2026 futures traded around $4,079. Bannockburn Global Forex’s Marc Chandler attributed the late-week reversal to better-than-expected US employment data and recovering oil prices, and warned that a break below $3,975 could expose support near $3,935. Kitco’s expert survey leaned slightly bearish, while most retail respondents expected gains. The article identifies October CPI on November 10 and PPI on November 13 as upcoming catalysts that could alter Fed-rate expectations, the dollar and gold.