Gold price today, Tuesday, November 3, 2026: Gold prices open below $4,000 for the second straight day - Yahoo Finance

AI desk brief

Gold December futures opened at $3,960.50/oz on Nov. 3, down 0.2% from Monday and extending a second straight session below $4,000; by 7:20 a.m. ET the contract had slipped to $3,910.60. The piece frames the weakness as a macro/rates story: higher Middle East tensions are lifting oil, which could keep inflation sticky and make another Fed hike next month more likely, a direct headwind for non-yielding gold.

The article also notes gold is down 1.8% week-on-week, 5.8% over the past month and 1% over the past year, though it remains far above the Jan. 29 one-year gain cited at 95.6%. Commentators quoted say buying near highs carries price risk, while gold remains attractive as a diversification asset for central banks and investors.