Weekly outlook
Gold Forecast This Week (Week of Nov 9, 2026)
BiasForge's macro read going into the week
BullishUpdated Monday, November 9, 2026
This read can change during the week as data lands.
Bias may have changed since Monday. Live bias + invalidation levels in BiasForge Pro →
This week's outlook is being updated. The macro drivers below still apply; the new read goes up before the week opens.
Why
- Real yields and the Fed outlook are working in gold's favour against the dollar.
- Risk sentiment is supportive for gold as a safe haven.
Events that can move Gold this week
| Date (UTC) | Time (UTC) | Currency | Event |
|---|---|---|---|
| Tue, Nov 10 | 13:30 | USD | US inflation (CPI) |
| Fri, Nov 13 | 13:30 | USD | US producer prices (PPI) |
What drives Gold
Gold pays no interest, so its biggest driver is the real yield on US Treasuries: when inflation-adjusted yields fall, holding gold costs less and it tends to rise. A weaker US dollar usually helps too, because gold is priced in dollars. The Fed's expected rate path feeds both, which is why CPI, NFP and FOMC weeks tend to move gold the most. In risk-off moments gold also draws safe-haven demand, sometimes even when yields and the dollar point the other way.
Daily bias with invalidation levels is in BiasForge →
More weekly outlooks
- EUR/USD outlook
- GBP/USD outlook
- USD/JPY outlook
- USD/CAD outlook
- AUD/USD outlook
- NZD/USD outlook
- USD/CHF outlook
- All instruments
Event playbooks: How to trade CPI · How to trade NFP · How to trade FOMC · How to trade Core PCE · How to trade a rate decision. New to this? Read what market bias is.
Direction. Not Signals. Educational macro analysis, not financial advice.