Gold Ounce Edges Up 0.3% to $4,044 After Tuesday's Slide of Nearly 3%, With Rate-Hike Bets Capping the Rebound
Sahmino Newsroom | 11 November 2026 | 3 days ago
Spot gold rose 0.3% to $4,044.56 an ounce on Wednesday, 11 November 2026 (20 Aban 1405), after falling nearly 3% to $4,017.21 on Tuesday. US December futures gained 0.6% to $4,052.50. Silver rose 2% to $52.52 and palladium gained 1.8% to $1,042.87.
Boursenews reports that analysts see the rebound as a technical correction after Tuesday's drop. Matt Simpson, senior analyst at StoneX, names stronger expectations of a US rate rise after inflation data above forecasts as the main driver, and he reads remarks by Fed officials Michelle Bowman and Anna Paulson on tighter policy to contain inflation as pointing the same way. Sonny Kumari, an ANZ analyst, says tensions in West Asia could favour gold on inflation grounds, but current macro conditions limit its short-term upside.
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Meanwhile, Iran's 18-karat gold was quoted at 15:55 today at about 25,122,000 tomans a gram, up 0.77%, with the ounce near $4,044 at the same hour.
Since this story was published, Gold ounce fell 2.6 percent, to 3,884 dollars.
Over the same days, 18k gold (gram) fell 0.6 percent, to 250,388,000 rial.
- Gold ounce
- −2.6%
- 18k gold (gram)
- −0.6%
Prices to the close of 13 November
From Sahmino that week
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