Gold rises to $4,119 as dollar and yields fall
Gold rose $60.39 to $4,119.06; Kitco and Investing.com linked gains to a softer dollar and lower yields after US midterms.
Gold ended the 5 November session higher at $4,119.06 per troy ounce, up $60.39, or 1.49%, after ranging from $4,059.69 to $4,145.64. The move carried spot gold above the previous close of $4,058.67 and left silver at $52.66, up 0.89%, with the gold/silver ratio at 78.2. Kitco reported that gold hit a two-week high as the dollar, yields and oil fell after the US midterms, while Investing.com also cited a softer dollar and Treasury yields.
Continued from the morning edition of 5 November 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Rebound held into the evening
The evening price data showed gold holding above $4,100 after the session low was set at $4,059.69. Kitco said gold climbed above $4,100 as falling yields and softer labor costs supported bullion, and another Kitco headline said prices were holding solid gains even as the Bank of England raised interest rates because of inflation. News On AIR reported gold and silver higher in the bullion market. Barchart framed the move as a midterm-rally metals story, while the live data put silver at $52.66.
- Gold rises 1.8%, silver gains 0.6% in bullion market News On AIR
- Gold climbs above $4,100 as falling yields, softer labor costs support bullion - Kitco AM Report Kitco
- Gold market holding solid gains even as BoE raises interest rates due to rising inflation Kitco
- Gold Tops $4,100, Silver Near $53! Can the Midterm Rally Keep Running? | Metals Minute Phil Streible Barchart.com
Macro and liquidity explanations
Publishers put the rebound in a broader cross-market setting. Kitco reported that the dollar, yields and oil fell after the US midterms, and Investing.com said gold gained amid a softer dollar and Treasury yields after the vote. Kitco also reported weekly jobless claims rising by 189k, a labor-market detail its headline paired with gold holding above $4,100. Equiti Global, in another headline, said a stock-market selloff had created liquidity pressure on gold, while www.equiti.com later described a rebound from support amid a sharp oil-market selloff. richtv.io also paired a global market selloff with oil and gold rebounding.
- Global Market Selloff: AI Stocks Plunge, Oil and Gold Rebound as Curve (CRV) Tests Critical Support richtv.io
- Gold price falls below $4,000 as stock market selloff triggers liquidity pressure Equiti Global
- Gold hits 2-week high as dollar, yields, oil fall after US midterms Kitco
- gold prices holding above $4,100 as weekly jobless claims rise by 189k Kitco
- Gold rebounds from crucial support amid sharp oil market selloff www.equiti.com
- Gold gains amid softer dollar, Treasury yields after U.S. midterms Investing.com
Fed tone stayed firm
Rate headlines gave the rally a restrained backdrop. Bloomberg.com reported that Fed’s Hammack said restrictive rates were needed to cool inflation, while Reuters reported that Hammack favored a gradual rate-hike path to lower inflation. Seeking Alpha carried a related Hammack headline saying getting inflation down to 2% should come through frequent small adjustments. Oz Arab Media reported that Barkin expected gradual further Federal Reserve rate increases, and Traders Union said the Federal Reserve backed gradual rate increases as inflation stayed above target.
- Fed’s Hammack Says Restrictive Rates Needed to Cool Inflation Bloomberg.com
- Barkin Expects Gradual Further Federal Reserve Rate Increases Oz Arab Media
- Federal Reserve backs gradual rate increases as inflation stays above target Traders Union
- Fed's Hammack favors gradual rate-hike path to lower inflation Reuters
- Getting inflation down to 2% should be through frequent small adjustments: FOMC's Hammack (DXY:) (DXY:) Seeking Alpha
What forecasters were saying
Several forecast headlines stayed constructive but not uniform. BNN Bloomberg said Pradier expected the gold rally to continue at a slower pace. India’s News.Net reported Kotak Neo’s Anindya Banerjee saying gold and silver were poised for a rally as the oil risk premium eased. FXEmpire said real yields challenged the rally and, in a separate forecast headline, referred to a target at the 50-day moving average. ANI News reported Kama Jewellery’s managing director saying the rally may resume after the recent correction, while The Economic Times quoted WGC India CEO Sachin J linking the rally to US debt as well as wars.
- The gold rally 'will continue but at a slower pace': Pradier BNN Bloomberg
- Oil risk premium eases after US midterms; gold, silver poised for rally: Kotak Neo's Anindya Banerjee India's News.Net
- Gold Faces $4,200 Barrier as Real Yields Challenge the Rally FXEmpire
- Gold (XAUUSD) Price Forecast: Gold Rally Targets 50-Day Moving Average FXEmpire
- Gold rally may resume after recent correction; prices could rise further over next year: MD, Kama Jewellery ANI News
- 'Gold’s rally is not just about wars, it’s fundamentally linked to $40 tn US debt': WGC India CEO Sachin J The Economic Times
What to watch
- Dollar and Treasury-yield moves, cited by Kitco and Investing.com as drivers.
- Fed rate language after Reuters, Bloomberg.com and Oz Arab Media reported gradual or restrictive-rate signals.
- Whether spot stays within the session range of $4,059.69 to $4,145.64.
- Silver at $52.66 and the gold/silver ratio at 78.2.
Gold price on 5 November 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,058.67 | |
| Morning edition, | $4,128.42 | +$69.76 · +1.72% |
| Evening edition, (this page) | $4,119.06 | +$60.39 · +1.49% |
| Close | $4,088.14 | +$29.47 · +0.73% |
Prices from XAUTicker, frozen when each edition was published. The close is the previous close XAUTicker reported at the start of the next session, recorded by the morning edition of 6 November 2026.