Gold Price Today: $4,112 Monday as Tuesday’s CPI Sets…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold traded near $4,112 on Monday, rising around 1% as falling oil prices and a softer dollar eased inflation concerns. Markets are focused on Tuesday's October CPI report amid an 81% probability of a December Federal Reserve rate hike.
Why it matters
"Cheaper oil lowers one source of inflation pressure, which matters to gold because the market now expects the Federal Reserve to raise rates next month."
Key facts
- Spot gold traded near $4,112 an ounce on Monday, up about 1.03%, recovering from Friday's jobs-report loss.
- CME FedWatch showed an 81% probability of a December Federal Reserve interest rate hike.
- The Bureau of Labor Statistics will omit 12-month CPI changes for October where October 2025 data was missed due to a government shutdown.
Source excerpt · FinanceFeeds
Updated 9 November 2026, 07:00 GMT. Spot gold is trading near $4,112 an ounce on Monday, up about $42 or 1.03 percent on the day (FXEmpire, 06:46 GMT), and December Comex futures are at about $4,119.60 (Yahoo Finance, 06:40 GMT). Falling oil prices have eased inflation worries after President Trump said new attacks on Iran were "highly unlikely" while talks progress (Reuters). Verdict: gold has re…