Weekly Special Report: Gold

 

ECONOMIC DATA

• TUESDAY, NOVEMBER 10, AT 13:30 GMT: U.S. INFLATION (CPI) (OCTOBER) (MONTHLY). U.S. Headline Inflation (CPI) (Monthly) is expected to show a decline from September’s 0.6%. Core Inflation (CPI) (Monthly) is expected to show a decline from September’s 0.3% as well.

 

NOTE: Year-over-Year (YoY) Rate (Annual): No official annual inflation rate will be published for headline or core CPI because the US government shutdown in October 2025 disrupted data collection, leaving no data for comparison.

 

• FRIDAY, NOVEMBER 13, AT 13:30 GMT: U.S. PRODUCERS’ PRICE INDEX (PPI) (OCTOBER) (MONTHLY). U.S. Headline PPI (Monthly) is expected to show a decline from September’s 1.3%. Core PPI (Monthly) is expected to show a decline from September’s 0.7% as well.

 

NOTE: Year-over-Year (YoY) Rate (Annual): No official annual rate will be published for headline or core PPI because the US government shutdown in October 2025 disrupted data collection, leaving no data for comparison.

Source: Investing.com

 

U.S. MIDTERM ELECTIONS:

• BREAKING (NOVEMBER 3): U.S. DEMOCRATS WIN CONTROL OF BOTH CHAMBERS OF CONGRESS. Democrats secured major victories in the U.S. midterm elections, taking control of both the House of Representatives and the Senate and ending Republican control of Congress. This creates a divided government under President Trump, potentially increasing political uncertainty and making it harder to pass new legislation.
• EVENT (FRIDAY, DECEMBER 11): U.S. GOVERNMENT FACES ANOTHER SHUTDOWN DEADLINE. President Trump signed a temporary funding bill in September, keeping the government operational until December 11, 2026. Congress must reach a new funding agreement before then to avoid another shutdown.
• GOLD PRICE PERFORMANCE DURING THE 2025 U.S. GOVERNMENT SHUTDOWN. During the last full U.S. government shutdown, which lasted 43 days (October 1 – November 12, 2025), gold prices rose by $382.04 (+11.0%) in the month before, $340.22 (+8.8%) during the shutdown, and $103.70 (+2.5%) in the month after.

Source: Investing.com, Reuters

 

Please note that past performance does not guarantee future results

 

PRICE ACTION

• FORECAST: Wells Fargo forecasts $4,900; Bank of America forecasts $4,750; Goldman Sachs forecasts $4,900; Morgan Stanley forecasts $5,050; UBS forecasts $5,000; JPMorgan forecasts $4,500; Deutsche Bank forecasts $4,600; Citigroup forecasts $5,000; Societe General forecasts $5,000.

 

TECHNICAL ANALYSIS:

• SUPPORT: $4,000 OR BELOW. Gold has tested levels below $4,000 on eight occasions between October 2025 and November 2026. Most recently, on October 30, the price fell to $3,869.88 before recovering to $4,146 by November 5. This repeated recovery highlights the importance of the $4,000 level as a potential support zone. However, the price can also decline.

GRAPH (Daily): October 2025 – November 2026

Please note that past performance does not guarantee future results

 

Gold, November 9, 2026
Current Price:  4,100

 

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 100 units
2.  Calculations for exchange rate used as of 11:30 (GMT) 09/11/2026

 

You can use risk management tools such as Stop-Loss and Take-Profit.