# Gold Returns to $4,107! Australian Gold at A$5,963: What Is Driving Gold Higher on the Eve of CPI, with Rate Hike Odds at 77%?

> Gold rebounded to about US$4,107 on November 9, up 6.1% from its October 30 low, while markets raised the implied probability of a December Federal Reserve rate hike to 77%. The article also reports that a weaker Australian dollar helped lift Australian-dollar gold prices to A$5,963.

- Date: 2026-11-09 · published 2026-11-09T03:10:47.415Z
- Category: macro · region Australia, United States · magnitude low
- Page: https://feedsoft.ai/events/88563-gold-returns-to-4-107-australian-gold-at-a-5-963-what-is-driving-gold-higher-on
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The weaker Australian dollar amplified the increase in local-currency gold prices, but gold itself is not among the supported commodities. The currency move reflects rate expectations and could affect Australian import costs and trade competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- mitrade.com: https://www.mitrade.com/zh-au/insights/commodity-analysis/xauusd/20261109J001

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