How much was the price of gold per ounce today? / Three important scenarios for the coming days

Iranian economy:

At the beginning of the new week, the global gold market is in one of its most sensitive price ranges. As traders monitor developments in US interest rates, the value of the dollar and geopolitical tensions, the ounce’s swing around an important psychological boundary has raised fresh questions about the path of prices. Is gold ready to return to the upward trend or will the selling pressure continue?

Today, Monday, November 4, 1405, equal to October 26, 2026, the global price of gold fluctuates in the range of $4,000 per troy ounce.

According to the Reuters report, in the early hours of today’s trading, the cash price of each ounce of gold reached 3986 dollars and 16 cents. This rate shows that the yellow metal is still below the psychological border of $4,000.

The gold market has started the new week while the increase in oil prices, inflationary concerns, the possibility of continuation of strict monetary policies and developments in the Middle East have affected traders’ expectations.

World gold ounce price table today, November 4, 1405

How many dollars was the price per ounce of global gold today?

Global gold traded near the $4,000 range at the beginning of Monday trading; The level that has become one of the most important points for traders in recent days.

Reuters has announced the cash price of gold at $3,986 and 16 cents. At the same time, the Wall Street Journal recorded a rate of $3,994 and 88 cents in the early Asian trading report.

It is very important for the price to be near 4000 dollars; Because a stable crossing of this range or the continuation of transactions below it can affect the short-term expectations of the market.

Of course, crossing a price level alone is not enough to identify the future trend, and traders usually also check the state of interest rates, the dollar and bond yields.

Why did the world price of gold fall last week?

The gold market passed last week with significant selling pressure.

According to the Kitco report, the spot price of gold was in the range of $4,164 and 69 cents at the beginning of last week, and then increased to $4,190 and 17 cents.

However, this growth did not last and the price entered a downward path during the rest of the week.

In the final days of the week, gold fell below the $4,000 mark and retreated to $3,975 and 10 cents in Friday trading.

The increase in the yield of American treasury bonds, the concern of inflation and the possibility of continuing high interest rates were among the factors that put pressure on the market.

Also, the drop in the shares of technology companies in a part of last week’s transactions increased the need of some investors for liquidity. In such a situation, the sale of assets such as gold to secure funds can occur even during periods of economic uncertainty.

The impact of the US Federal Reserve’s decision on the future of gold prices

One of the most important events facing the gold market is the monetary policy meeting of the US Federal Reserve.

Investors this week are waiting for the decision of the Central Bank of America on the interest rate and especially the statements of the officials of this institution about the coming months.

According to the Reuters report, the prevailing market expectation is to maintain the interest rate in the upcoming meeting; However, the tone of the Federal Reserve officials regarding the possibility of interest rate hikes in the future could affect the price of gold.

Unlike bank deposits and bonds, gold does not pay periodic interest. For this reason, interest rates remaining high usually increase the opportunity cost of holding gold.

If the Federal Reserve emphasizes the need to maintain tight monetary policy, the pressure on the gold market may continue.

On the other hand, reduced expectations for interest rate hikes can support the price of the yellow metal.

The relationship between global oil and gold prices; Why is the increase in oil not always in the interest of gold?

Increasing geopolitical tensions usually draw investors’ attention to safe assets such as gold; But the impact of these developments is not always the same.

In the current situation, the increase in oil prices can strengthen the concern about global inflation.

If central banks keep interest rates higher for longer in response to inflation, the attractiveness of interest-bearing assets relative to gold increases.

For this reason, the increase in oil prices may create a cautious demand for gold on the one hand and, on the other hand, hinder its price growth by strengthening expectations of high interest rates.

This contradiction is one of the reasons for the complication of the global gold trend in recent weeks.

The role of the US dollar in determining the global price of an ounce of gold

The world price of gold is usually expressed in US dollars, and the change in the value of the dollar can affect the international demand for this metal.

When the dollar strengthens, buying gold will become more expensive for holders of many other currencies.

On the other hand, the weakening of the dollar can provide more favorable conditions for gold demand.

Reuters reported that the dollar index was in the range of 101.64 in early trading on Monday.

However, the relationship between the dollar and gold is not permanent and certain; Because other factors such as investment demand, real interest rate and political developments also play a role in determining the price.

Prediction of the world price of gold next week; What do analysts say?

The latest Kitco weekly survey shows that professional experts and retail traders do not have the same view on the short-term future of gold.

17 experts participated in the survey of Wall Street analysts.

Among them, seven people, equivalent to 41%, expected the price of gold to decrease. Four people, equal to 24%, predicted a price increase, and six people, equal to 35%, expected a neutral trend or considered the direction of the market to be uncertain.

161 people participated in the online survey of retail traders.

Of these, 67 people (42%) expected price growth, 41 (26%) expected a decrease, and 53 (33%) expected stabilization or limited fluctuation.

Global gold price forecast table in Kitco survey

This survey reflects the views of the participants at the time it was conducted and should not be construed as a definitive prediction or statistical probability of an outcome.

Where is the important support and resistance of global gold?

One of the most important topics in the short-term analysis of gold is the price reaction to the $4,000 range.

Mark Chandler, CEO of Bannockburn Global Forex, stated in his assessment of the market that gold’s initial resistance is in the range of $4065 to $4075.

On the other hand, the floor of 3975 dollars and 10 cents recorded last week is one of the important price points to check the continuation of selling pressure.

These levels are not meant to guarantee a stop or a price reversal; Rather, they are points around which market behavior can provide additional information about the strength of buyers and sellers.

Three possible scenarios for global gold prices

The first scenario; Return of the gold price above 4000 dollars

In the bullish scenario, reducing selling pressure and improving demand can provide the basis for the price to return to above $4,000.

If this return is accompanied by price stabilization, the resistance range of $4065 to $4075 mentioned in Mark Chandler’s analysis can be of interest to traders.

A decrease in bond yields, a weakening of the dollar or a softening of interest rate expectations are some of the factors that may contribute to such a scenario.

the second scenario; Gold prices continue to fall

In a bearish scenario, if inflation concerns and high interest rate expectations persist, gold may remain under selling pressure.

In this situation, traders will monitor the price reaction to last week’s floor area, which is around $3975.

Crossing below this range can be a sign of continued market weakness, but it alone does not determine the extent of the next drop.

Some published analyzes have explored even deeper downside scenarios; However, these figures are not the definite target of the market and their realization depends on a set of economic conditions.

the third scenario; Limited volatility around the $4,000 mark

The third scenario is the continuation of price fluctuations around the $4,000 range.

If the decisions of the central banks are in line with the market’s expectations and the economic data does not cause a big change in the expectations, it is possible that the price will trade in a reciprocating range for some time.

In such a situation, the release of new inflation data and the statements of monetary authorities can be the determining factor of the next move.

Will the global gold price increase by the end of 2026?

Several factors must be considered simultaneously to examine the medium-term prospects of gold.

First, the path of US interest rates. Continued contractionary monetary policy can keep pressure on gold, while lower real interest rates typically provide more favorable conditions for the metal.

Second, the state of the global economy and the demand for safe assets matter. Intensification of economic or geopolitical uncertainties may increase precautionary demand.

Third, the behavior of the US dollar and the bond market can change the direction of transactions.

Fourth, the demand of central banks and big investors also plays a role in the medium-term trend of the market; However, to evaluate its effect, one should pay attention to the latest sales statistics.

Due to these factors, in the current situation, it is not possible to announce a specific and reliable price as a definitive rate at the end of 2026.

The effect of global gold prices on Iran’s gold market

Fluctuations of the global ounce is one of the important factors determining the price of gold in the Iranian market.

However, the price of 18 carat gold and all kinds of coins in Iran is not only dependent on the global rate, and changes in the domestic dollar rate also play an important role in it.

For this reason, the global ounce may decrease, but if the dollar rate increases in the domestic market, the price of gold in Iran will not experience a similar decrease.

On the contrary, the simultaneous decrease of the global ounce and the dollar rate can put more downward pressure on the domestic price of gold.

In the coin market, the amount of supply and demand and changes in the coin bubble are other effective factors.

The most important events facing the gold market

This week, the monetary policy decisions of major central banks and the release of US economic data are among the most important events that traders follow.

The meeting of the US Federal Reserve, the European Central Bank’s decision, the statistics of US personal consumption expenses and the data related to the state of this country’s economy can change the market’s expectations about the interest rate.

Also, developments in the Middle East and oil price fluctuations will continue to be influential factors on the global gold market.

Summing up and predicting the future of global gold

At the beginning of trading on Monday, November 4, 1405, the global gold price was in the range of $4,000, and in one of the early reports of Reuters, the rate was recorded at $3,986 and 16 cents per ounce.

This situation occurred after a volatile week during which the price of gold retreated from the range above $4100 to below $4000.

In the short term, the market’s reaction to the $4,000 mark, the decision of the Federal Reserve and the yield trend of US Treasury bonds are among the most important factors that can be followed.

In the bullish scenario, the return and stabilization of the price above $4000 can turn attention to the resistance range of $4065-4075. In the bearish scenario, the continuation of selling pressure will make the last week’s floor near $3975 more important.

All in all, the short-term outlook for global gold is associated with uncertainty, and for a more accurate assessment of the future trend, one should wait for the market’s reaction to economic data and central bank decisions.

The prices of this report are related to the early hours of Monday, November 4, 1405 and will be updated by the end of today with the release of new global market rates.