Gold rose on Wednesday, extending its recovery above $3,975 per ounce as a weaker US dollar supported demand. Spot gold gained 1.2% to $3,978.71 and US gold futures rose 1.2% to $3,988.95, while the US Dollar Index fell 0.4% to 101.50. Silver rose 1.6% to $50.5675, platinum gained 1% to $1,432.93 and spot palladium climbed 1.7% to $952.50. Investors weighed US-Iran diplomacy after limited US airstrikes on Iran's Qeshm Island, crude oil's swings of roughly $5 per barrel on Tuesday, and the implications of the US midterm elections for the fiscal and economic outlook. The article notes gold fell almost 7% in October, dipped below $4,000 per ounce, and has lost about 25% since the US-Iran conflict began in late February, so Wednesday's gain follows a substantial correction.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: high
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 101.86 |
| Change that session | +0.06% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/03/2026 | 3,946.40 |
| Change that session | -0.16% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/03/2026 | 3,934.56 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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