CommoditiesMedium•5 November 2026•
1 min read
Gold Reclaims $4,100 Level as December Rate Hike Expectations Fade
Key Facts
1Gold prices rose by approximately 1% to trade above the $4,100 per ounce level.
2The rally was supported by a weaker US Dollar and fading bets for a December rate hike despite solid economic data.
Gold prices rose by approximately 1% to trade above the $4,100 per ounce level on November 5, 2026. FXStreet reported that the rally was supported by a weaker US Dollar and fading bets for a Federal Reserve rate hike in December.
The precious metal reclaimed this psychological level after bouncing from a daily low of $4,057. This upward movement followed a correction in the US Dollar and a significant downturn in the NASDAQ 100, as market expectations shifted regarding future monetary policy under Fed Chair Kevin Warsh.