Weekend update · 8 November 2026
Gold gains 5% on the week as the midterms knock the dollar, but payrolls cap the rally
Gold closed Friday at $4,071.50, up $195.65 (5.05%) on the week, after Wednesday's 3.3% post-midterm jump and a high of $4,146.97 on Thursday. Strong payrolls knocked it to $4,027.87 on Friday before a recovery into the close.
XAUUSD
$4,071.50
Fri close · +5.05% on the week
DXY
102.10
Thu close 101.48
UST 2Y / 10Y
4.51% / 4.86%
CMT · 6 Nov
CATALYST
US CPI
Tue 10 Nov · 13:30 UK
Chart: XAUUSD spot daily candles with 20-day average (Vantage MT5 data, plotted 01:13 GMT, 8 Nov 2026). Last candle is Friday 6 Nov (market closed at the weekend).
BackdropThe midterms pulled yields and oil lower; Friday's jobs data put the December hike back in focus.
Market structureA 5% week from near the one-year low, closing just above the 20-day average.
Educational market commentary for information and knowledge sharing only. Not investment advice. Disclaimer & risk warning.
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