Spot gold (XAUUSD) eased to around $4,129 on Tuesday morning after jumping about 1.7% on Monday to close near $4,140, helped by a sharp drop in oil prices and a weaker dollar. Markets still see about an 81% chance of a Fed rate hike in December. Today, all eyes are on US CPI at 13:30 GMT.
Updated Tue 10 Nov 2026 · 02:40 GMT · Spot gold price as of the Asian morning, 10 Nov 2026
vs Monday 9 Nov close near $4,140 · Gold jumped about 1.7% on Monday as oil fell and the dollar weakened, then eased in the Asian morning (Trading Economics, Mitrade, Investing.com)
Key points for gold today
- 1Spot gold eased to around $4,129 (−0.28%) this morning after jumping about 1.7% on Monday to close near $4,140; it is still down about 1% over the past month
- 2Brent crude fell to around $92 on hopes for US–Iran talks, easing inflation worries, while the dollar index (DXY) slipped to around 101.7–101.9
- 3CME FedWatch still puts the odds of a December Fed hike at about 81% after October NFP came in at 165K, above forecast — the main headwind for gold
- 4Resistance at $4,145–4,157 and $4,187; support at $4,074–4,082 and $4,025–4,036. Today, watch October US CPI at 13:30 GMT
3 factors driving gold
- OILOil slides, easing inflation worries
Brent crude fell to around $92 a barrel on hopes for US–Iran peace talks, easing inflation concerns. Reuters, via Investing.com, says gold jumped 1.7% on Monday after gaining about 5% the previous week. This year gold and oil have often moved in opposite directions.
- FEDMarkets still bet on a December Fed hike
Citing CME FedWatch, Trading Economics says markets see about an 81% chance of a December Fed hike after October nonfarm payrolls rose 165K, above the 65K forecast, with unemployment at 4.1%. Fed officials Barkin and Goolsbee stressed that the economy remains strong and inflation is falling only slowly, which limits gold’s upside.
- DXYWeaker dollar, and China’s central bank keeps buying gold
The dollar index (DXY) fell to around 101.88 late in the US session and stood near 101.74 this morning. The US 10-year Treasury yield is around 4.86%. In addition, World Gold Council data cited by Trading Economics show China’s central bank added 25.8 tonnes of gold in October.
Support and resistance levels to watch
| $4,187 | R2 | Bottom of the $4,187–4,227 resistance zone; next is $4,240–4,260 |
| $4,145 | R1 | First resistance zone $4,145–4,157, near Monday’s close |
| $4,129 | NOW | Latest price (Trading Economics, morning of 10 Nov) |
| $4,082 | S1 | First support zone $4,074–4,082 |
| $4,036 | S2 | Support zone $4,025–4,036; next is $3,970–3,980 |
If gold rises / if it falls
Breaks above $4,145–4,157
The next levels are $4,187–4,227 and $4,240–4,260, according to Mitrade. A softer-than-expected CPI today, a further slide in the dollar and lower oil prices would help.
Breaks below $4,074–4,082
Selling could test $4,025–4,036 and then $3,970–3,980. The main risk is a hotter-than-expected CPI, which would raise the odds of a December Fed hike and lift the dollar and yields.
Levels as of 10 Nov 2026, based on Mitrade’s analysis. Not trading advice.
Upcoming releases that move gold (GMT)
- US CPI (Oct)Natixis expects CPI at +0.29% m/m and Core CPI at +0.22%. A hotter print could lift the dollar and yields, weighing on goldRead the preview →HIGH
- US PPI (Oct) · 13 NovProducer prices — another inflation gauge markets use to read the FedMED
Gold eases from $4,140 before CPI. Get cash back on every lot
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