XAUUSDGlobal
Daily gold digest · 9 November 2026

Gold News, 9 November 2026: 7 stories moving XAUUSD

Spot gold shrugged off Friday’s strong jobs report and moved back above $4,100 in Asian trade, with Tuesday’s October CPI the next big test. Forecasters expect a calmer 0.2% core rise, China’s factory prices jumped at the fastest pace since 2022, a Fed official said more tightening is likely, and Indian jewellers booked a strong Dhanteras.

Gold spot$4,117.5−23.9 (−0.58%)NextUS CPI (October)in 4h 58m · Tue 13:30 GMTMarket openpause in 13h 28mRange$39.0

Gold climbs back above $4,100 on Monday as traders count down to a CPI with no yearly rate

01
Price

Spot gold recovers to around $4,100 in Asia as hike odds sit near 80%

Spot gold climbed back to around $4,100 in early Asian trade on Monday after slipping on Friday’s jobs data, JournalArta reported. Markets put the chance of a December Fed hike at 79.6%, up from 72.8% before the report, while talk that the incoming Democratic Congress could push to end the Iran war gave gold some support. Metals trader Tai Wong called the coming days “a litmus test” for last week’s rally, and OCBC analysts flagged a sell-off in AI and chip shares as a near-term risk if investors raise cash.

Why it matters for gold:

Gold is rising even though the odds of a rate hike are high, which tells you buyers are already pricing that hike in. A bounce that has not yet cleared its 100-day average can still fail on one hot data print, so Tuesday matters. The markets board shows gold next to the dollar and yields, and chart of the day breaks down the last few sessions bar by bar.

Source: JournalArta Global

02
Inflation

October CPI forecasts: core seen up 0.2% on the month, with no 12-month rate published

Economists expect US consumer prices to rise about 0.3% in October and core prices about 0.2%, after 0.6% and 0.3% in September, Mitrade’s preview of Tuesday’s 13:30 GMT release said. Forecasts for core range from 0.19% (Morgan Stanley) to 0.3% (ING), with Bloomberg Economics at 0.24%. Because the Bureau of Labor Statistics never collected October 2025 prices during the shutdown, it will not publish year-on-year rates for October, and markets price about a 77% chance of a December hike on CME data.

Why it matters for gold:

With no yearly number, the monthly core figure is the one that will move gold: a print above 0.2% supports the hike case and the dollar, while a softer one helps gold. Release times in your zone and past reactions are on the CPI event page and in CPI time today.

Source: Mitrade Insights

03
Inflation

China's factory-gate prices rise 5.7%, the fastest since June 2022, as consumer inflation slows to 0.7%

China’s producer price index rose 5.7% from a year earlier in October, above the 5.3% forecast in a Reuters poll and the fastest pace since June 2022, CNBC reported from official data released on Monday. Consumer prices rose 0.7%, below the 0.8% forecast and down from 0.9% in September, and core inflation eased to 0.8% from 1%. The statistics bureau said higher gasoline prices were offset by a sharper fall in food prices.

Why it matters for gold:

Rising factory prices show the energy shock is still feeding through the world’s biggest manufacturer, which keeps global inflation worries alive. Weak consumer prices point to soft demand at home, a theme that also shapes Chinese gold buying. Our what moves gold prices guide explains how inflation data in big economies feeds into XAUUSD.

Source: CNBC

04
Fed

San Francisco Fed's Daly says more tightening is likely and inflation has run high for almost six years

San Francisco Fed President Mary Daly said on Friday that she expects the Fed will have to tighten policy further, though the timing and size of the next move are not decided, CNBC reported. She said Americans are on a “treadmill of high inflation” and that real wages are not keeping up with prices, while calling the October jobs report good news for workers. Richmond Fed President Thomas Barkin said a day earlier that he also expects higher rates at a gradual pace.

Why it matters for gold:

Two more Fed officials leaning towards hikes keeps December in play, and the Fed funds range is already 3.75% to 4.00%. Every hike raises the return on cash and bonds, which competes with gold. The FOMC rate decision page shows how gold moved on recent Fed days.

Source: CNBC

05
Sentiment

Kitco survey splits Wall Street three ways on gold, while 68% of retail voters expect gains

Of 13 Wall Street analysts in Kitco’s weekly survey, five expect gold to fall this week, four expect a rise and four see sideways trade, Kitco News reported on Friday evening. In the online poll, 143 of 212 voters (68%) expect higher prices, 32 expect lower prices and 37 expect consolidation. The week’s calendar includes US CPI on Tuesday, jobless claims on Thursday and PPI on Friday.

Why it matters for gold:

When professionals are split and retail traders are one-sided, the next data release often decides the direction. A crowd that leans strongly one way can also fuel sharp moves when it is wrong, so position size matters more than opinion. Our trading psychology hub has a pre-trade checklist for weeks like this.

Source: Kitco News

06
Physical demand

India: Dhanteras gold sales estimated at about ₹60,000 crore, up 15-20% in value

Gold sales over Dhanteras 2026 came to about ₹60,000 crore, up an estimated 15-20% in value from last year, the All India Gem and Jewellery Domestic Council said, according to Kotak Neo. Volumes were roughly flat as higher prices weighed on buying, and lighter jewellery and small coins led demand. In Delhi, 24-carat gold was about ₹1.46 lakh per 10 grams on 6 November, against ₹1.32 lakh last Dhanteras and a peak of ₹1.83 lakh on 29 January.

Why it matters for gold:

Higher spending with flat volumes shows Indian buyers are paying more per gram but not buying more metal, which limits how much festival demand supports the world price. The wedding season that follows is the next demand test. The India topic page collects our guides for Indian traders.

Source: Kotak Neo

07
Oil

Brent loses 16.4% in a week while gold gains 4.5% and silver 5.5%

Brent crude fell 16.42% to $98.32 a barrel in the week to Friday 6 November, its largest weekly drop since 2020, as US-Iran talks advanced and OPEC+ kept December output flat, Mitrade’s weekly commodity report said. Over the same week gold rose 4.51% to $4,074.90 and silver 5.51% to $51.80, leaving the gold-silver ratio at 78.7, while copper fell 3.72%.

Why it matters for gold:

Cheaper oil eases inflation fears, which can lower hike odds, but it also removes some of the war-risk premium that supported gold. Gold rising while oil fell shows the metal followed yields and positioning more than oil last week. The markets board tracks gold, silver, oil and the gold-silver ratio side by side.

Source: Mitrade Insights

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Summaries are written by XAUUSD Global from the linked sources. Educational content only, not financial advice.

Daily surprise · Tuesday 10 November 2026

Something new about gold, every day

Today’s gold fact

November since 2001

Gold rose in 14 of the last 25 Novembers. The best was 2008 (+13.9%), the worst 2016 (−7.9%), month-end COMEX settlements.

Gold in November 2008
Pattern of the day

Fed decision: 30 Jul 2025

Fed decision, 30 Jul 2025 (Hold 4.25–4.50%): gold −0.85% on the decision day and −0.08% the next day, −0.93% over the two days. Decision-day range $67.9 (1.51× its 20-day average).

See every release in the study

Computed from XAUUSD Global’s own data: COMEX gold futures settlements and hourly bars, and our NFP, CPI and Fed studies. A new pair every day. Past behaviour is history, not a forecast. Education, not signals.

Weekly gold forecast

The levels for the week

How today’s news fits the week: the rule-based bias, the statistical range and the weekly pivot. See how past weeks scored. Education, not signals.

Gold this week week of 9 Nov

Full forecast
  • BiasRange
  • Statistical band$3,971 – $4,174
  • Last close$4,072.1
  • Weekly pivot$4,037.1

Spot $4,117.5 is inside this week's band, as of 10 Nov, 08:31 UTC.

Rule-based bias and a statistical band for spot XAUUSD, not a prediction. Education, not signals.