# Gold rebounds to near $3,900 despite inflation worries

> Gold rebounded to near $3,895 in early Asian trade on Monday after falling to $3,870 in the previous session. Elevated oil prices and inflation concerns have reinforced expectations of a US rate hike, with markets pricing about a 72.9% chance of a December increase. Traders are also watching Middle East tensions, US jobs data and the midterm elections.

- Date: 2026-11-02 · published 2026-11-02T03:13:00.995Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74731-gold-rebounds-to-near-3-900-despite-inflation-worries
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected rates raise the opportunity cost of holding non-yielding gold, which caps the metal's upside. For feed buyers this is a macro signal about dollar strength and rate expectations rather than a direct driver of feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-28 | [Pound Sterling declines to near 1.3200 with US PCE inflation on horizon](https://feedsoft.ai/events/29070-pound-sterling-declines-to-near-1-3200-with-us-pce-inflation-on-horizon.md) | +0.5% | -0.3% |
| DXY | 2023-06-19 | [Strong demand in commodities despite inflation, recession dilemma](https://feedsoft.ai/events/8292-strong-demand-in-commodities-despite-inflation-recession-dilemma.md) | +0.6% | -1.2% |
| DXY | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | -0.6% | -0.1% |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2017-03-31 | [EUR/USD Nosedives On Soft EMU Inflation While Dollar Rebounds - ActionForex](https://feedsoft.ai/events/72204-eur-usd-nosedives-on-soft-emu-inflation-while-dollar-rebounds-actionforex.md) | +0.4% | +0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-rebounds-to-near-3-900-despite-inflation-worries-202611020045

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.