Gold jumps 3.5% to over $4,000, miners surge but Fed rate hikes pose risks ahead.

Gold prices rose 3.5% on November 4, 2026, reaching above $4,000 an ounce for the first time since late October, driven by a weaker dollar and political developments. Gold mining stocks outperformed the metal, with Newmont climbing nearly 10%, benefiting from fixed costs that boost profits faster as gold prices rise. However, the Federal Reserve's likely rate hikes remain a major risk, as higher interest rates increase the cost of holding non-yielding assets like gold. Investors should watch upcoming economic data and Fed meetings that could influence gold's near-term direction.

As of Nov 06, 2026 02:41 WIB, gold-related assets on Pluang show moderate gains following gold's recent rally. The SPDR Gold Trust (GLD) trades at USD 376.42 with a 1-day increase of 1.06%, while Newmont Corporation (NEM) is priced at USD 119.02, up 0.77% in the last day. The VanEck Gold Miners ETF (GDX) also rose 1.18% to USD 85.54. Notably, GLD holds a market cap of $131.28 billion, reflecting sustained investor interest in gold exposure.