December gold futures opened at $3,960.50 per troy ounce on November 3, 2026, down 0.2% from the prior close, and slipped to $3,910.60 by 7:20 a.m. ET. Prices opened below $4,000 for a second straight day as Middle East tensions lift oil prices and raise the chance that the Fed raises rates next month, a headwind for gold since it pays no interest. Reports of a U.S. attack on Iran's Qeshm Island were described as defensive, but markets are watching for possible U.S. military escalation after the midterm elections. The opening price is down 1.8% from a week ago, 5.8% from a month ago and 1% from a year ago. The article also flags price and speculation risks for gold investors, noting that gold remains an unpredictable asset.
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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