Global Gold Jumps 1.4%, Holds Above $4,120 as Markets Eye U.S. CPI for Fed Rate Cue - BigGo Finance

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Global gold prices opened the week with gains, as U.S. gold futures and spot prices rose about 1.4% on Monday, November 9, 2026. Spot gold stood at roughly $4,123 per ounce, while futures were around $4,133 per ounce, extending last week's gain of nearly 5%. The main driver was softening oil prices after U.S. President Donald Trump signaled a low likelihood of ordering another strike on Iran, while negotiations between the conflicting parties continued. This eased concerns over energy supply and bolstered confidence that energy-cost-driven inflation may subside. In the Turkish market, gram gold on the morning of the same day was quoted at 6,648.88 lira on the buy side and 6,649.84 lira on the sell side. Quarter gold traded at 10,638.21 and 10,872.