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Gold holds above $4,000 amid US political shifts and inflation fears, but rate hikes loom.

Market News
06 Nov 2026, 22:56 WIB
Kitco
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Neutral
Gold holds above $4,000 amid US political shifts and inflation fears, but rate hikes loom.

Gold prices have stabilized above $4,000 an ounce following the Democratic Party's midterm election win, which has influenced market dynamics. Despite strong US employment data suggesting a robust economy, concerns about potential Federal Reserve interest rate hikes are keeping gold prices volatile. Analysts suggest that while gold may face short-term selling pressure, geopolitical risks and easing inflation expectations could support a bullish trend in the medium term. Upcoming US inflation data will be crucial in determining gold's next move.

Gold price holds above the critical $4,000 level amid market uncertainty. For readers following US stocks, here is Pluang's market snapshot as of Nov 07, 2026 02:31 WIB: out of 150 priced US stocks tradable on Pluang, 90 rose and 59 fell today. Notable movers include Opendoor Technologies Inc (OPEN) down 22.35%, Virgin Galactic Holdings, Inc. (SPCE) up 16.81%, and Airbnb, Inc. (ABNB) up 12.40%.

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