Gold closed Mon 9 Nov at $4,142, up 1.9%
The story that best fits the day: Hot U.S. inflation hasn’t cooled off. Rising consumer prices to keep Fed rate hike on track.
What moved gold on Monday 9 November 2026
Gold closed Mon 9 Nov at $4,142, up 1.9%. The story that best fits the day: Hot U.S. inflation hasn’t cooled off. Rising consumer prices to keep Fed rate hike on track.
Oil Prices Sink on Iran Peace Hopes
Cheaper oil cools inflation, which makes lower US interest rates more likely. That usually helps gold.
Effect: over the coming weeks
Gold $4,143 when this landed Read at Rigzone
Gold jumped $18 in 9 minutes, now $4,128.70
From about $4,111 at
No news explains this yet. It may be big orders with no headline behind them, or news that is not out yet. This updates if a story lands.
In the news around then
Hot U.S. inflation hasn’t cooled off. Rising consumer prices to keep Fed rate hike on track.
Cooler US prices take pressure off the Fed to keep rates high. Lower rates usually help gold.
Effect: right now
Gold barely moved in the next hour.
Gold $4,104 when this landed Read at MarketWatch
Iran: US strikes ship after Hormuz blockade breach
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.08% in the next hour, against the verdict.
Gold $4,104 when this landed Read at Hellenic Shipping News
Crude oil plunges as Trump says renewed Iran attacks unlikely
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold fell 0.35% in the next hour, as the verdict suggested.
Gold $4,122 when this landed Read at Seeking Alpha
IRGC strikes three tankers near Hormuz over ‘US links’
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold $4,118 when this landed Read at Al Jazeera
Oil Slides More Than 3% as Trump Downplays Prospect of New Iran Strikes
Cheaper oil cools inflation, which makes lower US interest rates more likely. That usually helps gold.
Effect: over the coming weeks
Gold $4,117 when this landed Read at WSJ Markets
1 more on this
Erdogan says he conveyed Turkiye’s concerns on potential attacks on Iran to Trump
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold rose 0.17% in the next hour, against the verdict.
Gold $4,101 when this landed Read at Arab News
Iraq Strikes U.S. Deal to Boost Oil Exports Through Hormuz
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.07% in the next hour, against the verdict.
Gold $4,098 when this landed Read at OilPrice.com
Strong NFP Data Keeps Gold from Rising
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold barely moved in the next hour.
Gold $4,097 when this landed Read at ActionForex
Oil Prices Fall as Trump Signals No New Attacks on Iran
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold fell 0.27% in the next hour, as the verdict suggested.
Gold $4,124 when this landed Read at OilPrice.com
Iran says no unauthorized vessels transited Strait of Hormuz overnight after navigation aids destroyed
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.02% in the next hour, against the verdict.
Gold $4,124 when this landed Read at Arab News
Morning brief for Mon 9 Nov: Gold about $4,120
Where gold is
- About $4,120, up $61 (+1.5%) over 24 hours.
What happened
- Bullish: Gold ticks higher on softer oil, but Fed’s 80% December hike odds cap gain
- Bullish: Rubio casts doubt on Iran peace deal as Trump signals reluctance to resume strikes
- Bearish: Tanker Burns After Strike in Strait of Hormuz
- Bearish: Iran says 3 tankers caught fire in Hormuz
Gold jumped another $33 in 67 minutes, now $4,123.10
From about $4,090 at
Likely reason
Rubio casts doubt on Iran peace deal as Trump signals reluctance to resume strikes Seeking Alpha
Calmer times in the Gulf mean cheaper oil, which cools inflation and makes lower US rates more likely. That usually helps gold.
Effect: right now
Gold ticks higher on softer oil, but Fed’s 80% December hike odds cap gain
Buyers are pushing gold higher. Moves this size usually follow a shift in the dollar, US interest rates or fear in the market.
Effect: right now
Gold rose 0.37% in the next hour, as the verdict suggested.
Gold $4,109 when this landed Read at investingLive
1 more on this
- Gold rebounds above $4,100 as traders await U.S. inflation data after jobs beat Investing.com Commodities
Gold rose above $4,100
Many traders place orders at round numbers, so prices often pause or speed up there. Crossing one is not a signal on its own.
Gold jumped $18 in 7 minutes, now $4,089.70
From about $4,072 at
Likely reason
Rubio casts doubt on Iran peace deal as Trump signals reluctance to resume strikes Seeking Alpha
Calmer times in the Gulf mean cheaper oil, which cools inflation and makes lower US rates more likely. That usually helps gold.
Effect: right now
Rubio casts doubt on Iran peace deal as Trump signals reluctance to resume strikes
Calmer times in the Gulf mean cheaper oil, which cools inflation and makes lower US rates more likely. That usually helps gold.
Effect: right now
Gold rose 0.85% in the next hour, as the verdict suggested.
Gold $4,072 when this landed Read at Seeking Alpha
Iran war live: Trump says land blockade in effect; drone cuts power in Iraq
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold rose 0.80% in the next hour, against the verdict.
Gold $4,072 when this landed Read at Al Jazeera
Oil falls on open as Trump says fresh Iran attacks ’unlikely’
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold rose 0.81% in the next hour, against the verdict.
Gold $4,066 when this landed Read at Investing.com Commodities