Gold Rises to $4,086 as Wall Street Sells Off Sharply
Written by AI from riotimesonline.com's report. Not checked by a person.
Gold climbed 0.51% to $4,086 an ounce on November 5, 2026, as investors sought safety after the S&P 500 dropped 4.36% and the Nasdaq Composite fell 5.52% in one of the sharpest single-day declines in recent weeks.
Wall Street suffered a heavy sell-off on November 5, 2026, with the S&P 500 closing down 4.36% at 7,354, the Dow Jones Industrial Average falling 3.44% to 51,523, and the Nasdaq Composite losing 5.52% to end at 24,315. The Nasdaq's steeper drop pointed to particular pressure on highly valued technology shares, while the Dow's smaller decline suggested steadier, older companies offered some shelter.
The fear gauge known as the VIX surged 69.66% to 28.18, reflecting investors paying more for protection against further losses. Classic safe-haven assets attracted the resulting demand: the US 10-year Treasury yield eased to 4.839% as investors moved into government bonds, and gold rose 0.51% to US$4,086 an ounce. The dollar index edged only marginally higher, settling at 101.722, up 0.15%, suggesting the rush to safety was not concentrated in the dollar alone.
Prediction markets on Polymarket put the probability of a Federal Reserve rate rise at the December meeting at 65.5%, with 33.5% for no change, based on roughly US$15.2 million in trades recorded at 11 p.m. ET on November 5. The combination of falling equities, rising gold prices, lower Treasury yields, and growing rate-hike expectations reflected an environment of sharp investor risk aversion, with emerging markets including Brazil's real and local shares seen as vulnerable to spill-over effects within hours.
