Gold Jumps 1.6% as Oil Prices Fall and Markets Await U.S. Inflation Data - BigGo Finance

AI desk brief

Spot gold rose 1.6% to $4,129.69/oz on November 9, 2026; silver gained 2.8% to $53.31. The report attributes gold’s advance to falling oil prices following Trump’s softer stance on Iran and a slightly weaker dollar; further support could depend on easing inflation and policy expectations. Strong October employment countered that outlook: CME FedWatch put December hike odds at 79%, versus 71% before the release, with CPI and PPI ahead. WGC reported Q3 gold ETF inflows of 211 tonnes and record holdings of 4,256 tonnes, but bar-and-coin demand hit a four-year low and its 2026 investment-demand growth forecast was halved to 200 tonnes.