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Gold Up 1.4% as Oil Fell: The Tuesday Risk to Watch

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Gold Up 1.4% as Oil Fell: The Tuesday Risk to Watch

By Alan Solarsh · 9 November 2026

Gold Up 1.4% as Oil Fell: The Tuesday Risk to Watch

Gold rose about 1.4% overnight, to around $4,123. The reason was oil, not gold.

Trump said strikes on Iran are unlikely while talks continue, so crude dropped. Lower oil means less inflation, and less fear that rates stay high for longer. Gold pays no interest, so it does better when that fear eases. A weaker dollar helped too.

Pros: oil and inflation news often moves gold before the chart shows it.

Cons: a hot CPI number on Tuesday could push gold back towards $4,000.

PS: Trade Tuesday's CPI without a plan and one number can wipe out a week of gains.

See what the big banks are doing on gold before you trade. Click the link, pick gold on the free COT Data page: https://forexrobots.co.za/cot-data/?utm_source=social&utm_medium=video&utm_campaign=gold-oil-20261109

Forex trading carries risk.

If you want to learn how to do this, this is the tool I use: https://forexrobots.co.za/blog/gold-up-as-oil-fell-cpi-risk/

First published on Discord (Discord #interesting-news), Youtube (Alive FX PTY LTD), Facebook (Forex Robots), Instagram (afxwealth). Forex trading carries risk.

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