Gold fell under $4,000 on Wednesday as hotter U.S. inflation and hawkish Federal Reserve comments lifted the dollar and kept bets on more tightening elevated. Analysts said the slide could extend toward $3,900.
NEW YORK, Nov. 7, 2026 (GoldSquawk) - Gold watch: CENTCOM task force adds Iran risk on Saturday, Nov. 7, 2026. COMEX gold futures settled higher on Nov. 6, and traders are now watching a new Iran enforcement push as U.S. Central Command announced Task Force Iron Gate to block sanctions-evasion routes across Iran’s land borders and the Caspian Sea.