World gold jumped back above US$4,000 an ounce on Wednesday morning, up 2.2%, after the US midterm elections pushed the dollar lower. In Ghana, GoldBod’s latest official price is GH₵10,870 per pound (about US$940.31), set in the 3:00 PM window on Tuesday 3 November, GH₵14 below Monday’s weekly open. GoldBod’s next price, at 10:30 AM Ghana time today, is the first to reflect the jump. We will add it to this report as soon as it is published.
The week so far
| GoldBod window | GH₵ per pound | US$ per pound | Set from (US$/oz) | Rate (GH₵ per US$) |
|---|---|---|---|---|
| Mon 2 Nov, PM (weekly open) | 10,884 | 944.79 | LBMA PM 3,955.25 | 11.52 |
| Tue 3 Nov, PM | 10,870 | 940.31 | LBMA PM 3,936.65 | 11.56 |
| Wed 4 Nov, AM | Due at 10:30 AM Ghana time | |||
What moved gold
- Spot gold rose 2.2% to US$4,016.01 an ounce by 06:19 GMT on Wednesday, and US December futures rose 2.2% to US$4,026.90 (Reuters, via The Standard).
- The trigger was a weaker dollar after Democrats won key midterm races, together with a sharp fall in US Treasury yields. A softer dollar makes gold cheaper for buyers using other currencies.
- On Tuesday, before the results, gold had eased as the dollar and yields firmed (CNBC). The London afternoon benchmark that set Tuesday’s GoldBod price was US$3,936.65, down 0.47% from Monday.
What it means in Ghana
If London’s morning benchmark holds near US$4,016, GoldBod’s 10:30 AM price would come out around GH₵11,090 per pound at Tuesday’s exchange rate, about 2% above Tuesday’s close. This is our own calculation, not an official price: the actual figure depends on the LBMA morning price and the day’s Bank of Ghana reference rate.
What to watch
- GoldBod’s prices today at 10:30 AM (from the LBMA morning price) and 3:00 PM (from the afternoon price). These times run one hour later than usual until 27 March 2027 (why).
- Friday 6 November: the US jobs report. Markets put the chance of a US interest-rate rise in December at about 79% (CME FedWatch, via Reuters), which could limit gold’s gains.
- Next report: Weekly Close, Friday 6 November, after GoldBod’s 3:00 PM price.
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About these prices: since 1 July 2026, GoldBod’s published prices are the mandatory official purchase prices for licensed buyers and aggregators in Ghana (GoldBod). GoldBod sets two prices each trading day, an AM price from the LBMA morning benchmark and a PM price from the afternoon benchmark. Prices are quoted per pound, the unit used in Ghana’s small-scale trade. Information only, not investment advice.
