# Gold is going parabolic

Source: https://tradingeconomics.com/commodity/gold
Kiwi News: https://news.kiwistand.com/stories/Gold-is-going-parabolic?index=0x6806c7853c8618d1922f307045e981072977f20c92e1d9ed7ca16e881c8eaabe1f289991
Submitted by tim on 2025-04-21 UTC, 1 upvote, 0 comments

## Summary

Gold prices were little changed near $4,180 an ounce on Tuesday as oil ended a three-session rally, the US dollar weakened, and expectations of a Federal Reserve rate hike this month stayed subdued. Traders were pricing in less than a 20% probability of a Fed rate hike this month and above 85% for a December increase, according to CME's FedWatch tool. Cleveland Fed President Beth Hammack said the central bank should move "relatively quickly" toward a more restrictive policy stance to bring inflation under control. Gold was last quoted at 4,188.04 USD/t.oz on October 13, 2026, down 2.58% over the past month.

## Article

Gold held above $4,050 an ounce on Friday and was on track to gain about 5% for the week following a sweeping Democratic victory in the US midterm elections. Markets expect Democrats to push for an end to the Iran conflict, which could drive oil prices lower, ease inflationary pressures and reduce the likelihood of more aggressive interest rate hikes. Investors also anticipate that a divided government could constrain President Donald Trump’s fiscal agenda, limiting additional government spending and borrowing while further easing inflation concerns. Meanwhile, the global equity selloff intensified amid fears that Democrats could impose stricter regulations on the artificial intelligence industry and curb data center expansion, prompting some liquidity-driven selling in precious metals. However, these pressures were offset by stronger demand for safe-haven bonds, which pushed yields lower and supported demand for non-yielding assets such as gold.

Gold fell to 4,042.01 USD/t.oz on November 6, 2026, down 1.12% from the previous day. Over the past month, Gold's price has fallen 1.68%, but it is still 1.03% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on November 6 of 2026.

Gold fell to 4,042.01 USD/t.oz on November 6, 2026, down 1.12% from the previous day. Over the past month, Gold's price has fallen 1.68%, but it is still 1.03% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 3815.16 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3530.12 in 12 months time.

Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.

Actual Previous Highest Lowest Dates Unit Frequency

4042.01 4087.70 5608.35 34.83 1968 - 2026 USD/t oz. Daily