# Gold climbs to a two-week high as the dollar and yields ease before US payrolls

> Gold reached its highest level in more than two weeks as the dollar weakened and US Treasury yields fell ahead of the November 6 employment report. The US 10-year yield closed at 4.90% on November 4, down 5 basis points on the day, while traders awaited payroll data that could shift expectations for US interest rates.

- Date: 2026-11-05 · published 2026-11-06T15:16:10.660Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/84227-gold-climbs-to-a-two-week-high-as-the-dollar-and-yields-ease-before-us-payrolls
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower yields reduce the opportunity cost of holding non-yielding assets, and a weaker dollar can support dollar-priced commodities by making them cheaper for overseas buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-21 | [Dollar extends losses to 2-week low as US bond yields fall](https://feedsoft.ai/events/7440-dollar-extends-losses-to-2-week-low-as-us-bond-yields-fall.md) | -0.1% | +0.1% |
| DXY | 2021-08-30 | [Canadian dollar notches two-week high as Fed taper fears ebb - The Globe and Mail](https://feedsoft.ai/events/45790-canadian-dollar-notches-two-week-high-as-fed-taper-fears-ebb-the-globe-and-mail.md) | -0.7% | +0.4% |
| DXY | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | +0.3% | +1.2% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2023-11-26 | [Gold, AUD/USD: Softer US dollar and bond yields provide window for upside \| FOREX.com Singapore](https://feedsoft.ai/events/33412-gold-aud-usd-softer-us-dollar-and-bond-yields-provide-window-for-upside-forex.md) | -0.2% | -1.0% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | -1.2% | -1.0% |

## Sources

- aephel.com: https://www.aephel.com/research/news/2026-11-05-gold-climbs-to-a-two-week-high-as-the-dollar

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