Iran executes man convicted of attack on police station
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold $4,072 when this landed Read at Arab News
Saturday 7 November 2026Market closed, reopens
Why did gold fall on Friday?
Gold, per troy ounce
$4,072.10
Last checked
- Today
- −$17−0.41%
- This week
- Builds with time
- This month
- Builds with time
- This year
- Builds with time
Gold ended its last session down 0.41% and is quoted at $4,072.
The biggest story: Gold futures pull back as strong U.S. payrolls report boosts dollar, yields.
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
What moved it
Market-moving news, past 24 hours
Only stories that can move the price. Each verdict is what the news usually means for gold, and the effect line says when it usually reaches the price. The price does not always follow either. Why that happens. See how often the verdicts were right.
Trump confirms US strikes in Iran, insists ‘it’s not a war’
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Trump confirms new US strikes on Iran’s Qeshm Island
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Iran says it downed US MQ-1 drone over Qeshm Island
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold $4,072 when this landed Read at Arab News
Two missiles strike Iran’s Qeshm Island, Tasnim news agency reports
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold futures pull back as strong U.S. payrolls report boosts dollar, yields
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold $4,072 when this landed Read at Seeking Alpha
Gold closed for the week at $4,072, down 0.4%
The story that best fits the day: Seafarer killed in suspected missile attack on tanker in Gulf.
Week to Friday 6 November 2026
Gold −0.41% since Thu 5 Nov
December rate hike odds rise after strong October jobs report
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold barely moved in the next hour.
Gold $4,059 when this landed Read at Seeking Alpha
EU says ‘a lot of work’ still needed to reach Ukraine peace deal
Less danger means less need for gold as protection, so some of that safety buying can unwind.
Effect: right now
Gold rose 0.28% in the next hour, against the verdict.
Gold $4,057 when this landed Read at Arab News
Seafarer killed in suspected missile attack on tanker in Gulf
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.32% in the next hour, against the verdict.
Gold $4,034 when this landed Read at Arab News Also reported by gCaptain
Strong October jobs report sends yields higher
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold fell 0.10% in the next hour, as the verdict suggested.
Gold $4,049 when this landed Read at Investing.com Economy
US Non Farm Payrolls Surge 165K, Revisions Add 84K as Unemployment Falls to 4.1%
Result: 165K, expected 65K
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold fell 0.31% in the next hour, as the verdict suggested.
Gold $4,047 when this landed Read at ActionForex
US October non-farm payrolls +165K vs +65K expected
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold $4,047 when this landed Read at investingLive
Gold dropped another $35 in 728 minutes, now $4,043.70
From about $4,078 at
Likely reason
South Korea Plans to Deploy Naval Assets Closer to Hormuz The Maritime Executive
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
U.S. Nonfarm Payrolls Surge, Surpassing Expectations
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold fell 0.32% in the next hour, as the verdict suggested.
Gold $4,054 when this landed Read at Investing.com Economy
Nonfarm payrolls surge in October, sending the unemployment rate lower
Result: 4.1%, expected 4.2%
A strong US jobs market gives the Fed room to keep rates high, which usually hurts gold.
Effect: right now
Gold fell 0.32% in the next hour, as the verdict suggested.
Gold $4,054 when this landed Read at Seeking Alpha
2 more on this
Tanker reports explosion near Oman’s Khasab while transiting Strait of Hormuz, UKMTO says
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold fell 0.03% in the next hour, as the verdict suggested.
Gold $4,069 when this landed Read at Arab News