Futures

Gold rises as Trump Iran warning deepens war fears

Nov. 6, 2026, 07:29 GMTNews

NEW YORK, Nov. 6, 2026 (GoldSquawk) - Gold rose on Friday, Nov. 6, 2026, after President Donald Trump sharpened his warning on Iran, lifting geopolitical risk premiums and keeping traders focused on oil and inflation fears. The metal also moved toward the U.S. payrolls release later Friday, which could shape the next leg for bullion.

Gold's plunge was Western paper selling

Nov. 6, 2026, 07:19 GMTOpinion

On Monday, Nov. 2, 2026, gold had already rebounded back above $3,900 after October’s plunge. The move matters because the sell-off looked like Western paper-market de-grossing, not a genuine collapse in bullion demand.