Gold prices rebounded on Monday, November 2, 2026, after having recorded a sharp decline in the previous session. This rebound comes as the decline in oil prices helps to ease inflation concerns and as investors remain attentive to the outlook for U.S. monetary policy.
In the spot market, the yellow metal rose 0.7% to reach $3,900.90 per ounce, thus reclaiming part of the losses recorded last Friday.
During that previous session, gold had fallen 3.5%, hitting its lowest level in a year and slipping below the symbolic $4,000 per ounce threshold.
U.S. gold futures for December delivery also rose, gaining 0.3% to stand at $3,909.70 per ounce.
The rebound in the precious metal comes amid a backdrop of easing oil prices, potentially reducing inflationary pressures.
At the same time, investors are closely monitoring statements from U.S. Federal Reserve officials to glean indications about the evolution of interest rates in the United States.
The American monetary outlook plays an important role in gold’s price evolution, particularly because this metal does not generate income in the form of interest.
Silver climbs by 1.8%, platinum modestly higher
The positive trend has also affected other precious metals, with movements that were nevertheless mixed.
Silver posted the strongest gain of the session among the metals cited, rising 1.8% to reach $49.97 per ounce.
Platinum, for its part, advanced slightly by 0.1%, to $1,432.63 per ounce. As for palladium, its price remained virtually unchanged, at $976.31 per ounce.
These moves come amid a wait-and-see mood in international markets, as investors continue to monitor inflation trends and the upcoming directions of U.S. monetary policy.
