Gold opened the week 1% higher in Ghana. GoldBod’s official 10:30 AM price on Monday 9 November is GH₵11,294 per pound (about US$978.68), up GH₵112 (+1.00%) on Friday’s weekly close of GH₵11,182. It is set from the London morning benchmark (LBMA AM) of US$4,097.10 an ounce at a reference rate of GH₵11.54 per dollar, and is valid until 2:59 PM. World spot gold was US$4,098.03 an ounce, up 0.7%, at 08:48 GMT (Investing.com, via Yahoo Finance).
The week so far
| GoldBod window | GH₵ per pound | US$ per pound | Set from (US$/oz) | Rate (GH₵ per US$) |
|---|---|---|---|---|
| Fri 6 Nov, PM (last week’s close) | 11,182 | 967.30 | LBMA PM 4,049.60 | 11.56 |
| Mon 9 Nov, AM (weekly open) | 11,294 | 978.68 | LBMA AM 4,097.10 | 11.54 |
What moved gold
- Friday’s jobs surprise. Gold fell 0.4% on Friday and traded around US$4,070 an ounce after US employers added 165,000 jobs in October, beating every forecast, which revived expectations of further Federal Reserve rate increases (Investing.com, via Yahoo Finance).
- A weaker dollar on Monday. The US dollar index fell 0.4% to 101.88, lifting spot gold 0.7% to US$4,098.03 at 08:48 GMT; US gold futures gained 0.8% to US$4,106.47 (Investing.com, via Yahoo Finance).
- Still well below February. Gold recovered above US$4,000 after the US midterm elections as Treasury yields and oil prices fell, but it remains around 20% below its level before the US-Iran conflict began in late February (Investing.com, via Yahoo Finance).
What it means in Ghana
A small-scale miner or aggregator selling one pound of gold to a licensed buyer this morning is due GH₵11,294 under GoldBod’s mandatory price: GH₵112 more than at Friday afternoon’s close and GH₵410 (+3.77%) more than at last Monday’s weekly open of GH₵10,884 (a PM price). The whole of today’s rise came from the world price; the cedi was slightly stronger against the dollar, which trimmed the cedi gain a little. The AM price applies until 2:59 PM, when GoldBod sets the PM price from the London afternoon benchmark.
What to watch
- The US consumer price index (CPI) report on Tuesday 10 November, for clues on inflation and interest rates (Investing.com, via Yahoo Finance).
- The Fed’s December meeting: markets expect another rate increase, and officials will see another jobs report and a full set of inflation figures first (Investing.com, via Yahoo Finance). Higher rates tend to weigh on gold.
- Our next report: the Mid-Week on Wednesday 11 November, after GoldBod’s 10:30 AM 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.
