Historical replay · PAXG/USD
Gold Dipped $40 on the Jobs Report, Then Recovered It
PAX Gold fell from about $4,049 to $4,018 in the first minutes after the strong October jobs report on November 6, 2026, then climbed back to $4,069.60 within five hours. Replay a data-day dip and recovery in 15-minute steps.
PAX Gold, a token backed by physical gold, traded between $4,047 and $4,064 on the morning of Friday, November 6, ahead of the US October employment report at 13:30 UTC. Forecasts were for about 59,000 new jobs.
The report showed 165,000 jobs, a fall in unemployment to 4.1% and faster wage growth, which lifted the odds of a December Fed rate hike to about 77%. The 13:30 UTC candle fell from $4,049.77 to $4,018.00 on 3,345 trades, the busiest of the day, and the next hour drifted to $4,021.65.
Buyers came back before the US stock market had settled. From 14:45 UTC the token climbed steadily, helped at 15:00 UTC by a University of Michigan sentiment survey that showed lower inflation expectations, and by the 18:45 UTC candle it had reached $4,069.60, above where it started the day. It ended the session near $4,056.
Replay the day to see how gold handles a hawkish surprise: the first move followed rate expectations, but the dip found buyers within an hour and was fully erased by the afternoon. Compare the size of the drop with the size of the jobs surprise to judge how much hike risk gold had already priced in.