Spot gold climbs nearly 2% to $3,950 and closes in on $4,000
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Bullion back within striking distance of $4,000 an ounce puts miners and gold ETFs in play, with central bank buying still running through November.
SPOT GOLD EXTENDS GAINS, UP NEARLY 2% TO $3,950.37/OZ
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Spot gold reaching $3,950.37 an ounce puts the psychologically significant $4,000 level within reach, a threshold that tends to draw fresh attention from institutional and retail buyers alike.
The move extends a run already in place, and momentum like that is harder to fade than a one-day spike. Miners and gold-backed ETFs typically amplify those moves, making them worth watching as bullion approaches round-number resistance.
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Central bank buying running into November provides a persistent demand floor that has helped underpin prices throughout this stretch. That steady accumulation reduces the likelihood of a sharp reversal even if speculative positioning gets crowded near $4,000.