XAUUSDGlobal
Daily gold digest · 12 November 2026

Gold News, 12 November 2026: 7 stories moving XAUUSD

Spot gold lost about 1.2% on Wednesday and traded near $3,980 in Asia on Thursday, below the $4,000 line it had held after Tuesday’s hot CPI. A broad dollar rally, a 10-year Treasury yield just under 5% and Fed officials who sound ready to keep hiking are the main weights, with jobless claims due today and producer prices on Friday.

Gold spot$3,957.6−29.4 (−0.74%)NextUS PPI (October)in 1d 5h · Fri 13:30 GMTMarket openpause in 14h 15mRange$45.3

Gold slips under $4,000 as the dollar climbs to its strongest level since spring 2025

01
Price

Spot gold falls 1.2% to about $3,983 and stays below $4,000 in Asian trade

Spot gold ended Wednesday’s US session near $3,983.20 an ounce, down $48.60 or 1.21%, Kitco reported, slipping under $4,000 even though the S&P 500 rose 1.3% and Europe’s Stoxx 600 closed at a record. In Thursday’s Asian session the metal traded near $3,981, FX Leaders said, after Tuesday’s CPI-day drop of about 2.6%.

Why it matters for gold:

Gold falling on a day when shares rallied tells you the pressure is coming from rates and the dollar, not from fear. The $4,000 round number has now turned from support into a line overhead that traders will watch. The gold cheat sheet has this week’s pivots and typical range, and the chart of the day walks through the latest hourly bars.

Source: Kitco

02
Dollar

Bloomberg dollar index hits its highest since May 2025 and the yen slides toward 160

The Bloomberg Dollar Spot Index rose 0.4% on Wednesday to its highest level since May 2025, Saxo said in its Asia quick take. The dollar traded at 159.65 to 159.80 yen, close to 160 and the 2 September high of 160.39, and the Australian dollar fell to a seven-month low of 0.6844. Kitco put the ICE dollar index up about 0.7% toward 102.90.

Why it matters for gold:

Gold is priced in dollars, so a broad dollar rally makes it dearer for everyone else and usually weighs on XAUUSD. A yen near 160 also raises the chance of Japanese intervention, which can swing the dollar suddenly. Our gold and the yen guide shows how loosely the two have moved this year, and the gold strength meter shows gold’s move in nine currencies.

Source: Saxo

03
Yields

Treasuries reopen after Veterans Day with the 10-year yield at 4.99%, just shy of 5%

The 2-year Treasury yield rose 4 basis points to 4.77% and the 10-year was little changed at 4.99%, while the 30-year slipped 2 basis points to 5.33%, Saxo reported. The 2-year had jumped as much as 20 basis points on Tuesday, its biggest one-day move since April 2025. Kitco noted the 10-year briefly topped 5.00% on Tuesday before the cash bond market closed for the holiday on Wednesday.

Why it matters for gold:

Gold pays no interest, so when a safe 10-year bond pays close to 5%, holding gold costs more in missed return. Bond desks are back today, so the jobless claims number can move yields and gold more than on a holiday. See what moves gold for how yields fit with the dollar and the Fed.

Source: Saxo

04
Fed

Goolsbee calls the October inflation report "borderline disturbing" as futures fully price a December hike

Chicago Fed President Austan Goolsbee said October’s CPI was “borderline disturbing” and “another distressing report”, but declined to say whether he backs a December hike, CNBC reported. CME FedWatch showed futures unanimously pricing a hike at the 8-9 December meeting, with a 15% chance of a half-point move. Dallas Fed President Lorie Logan and Philadelphia Fed President Paulson, both December voters, have also argued for more tightening.

Why it matters for gold:

Once a hike is fully priced, the next surprise for gold is the size of the move and how many more follow. A bigger share for 50 basis points would likely keep yields high. Our FOMC decision page shows how gold behaved on recent Fed days, and the December hike odds post tracks how these odds have moved.

Source: CNBC

05
Jobs

Jobless claims are out today at 13:30 GMT after 189,000 last week; PPI follows on Friday

US weekly jobless claims are due at 8:30 am New York time (13:30 GMT, 19:00 IST) on Thursday, after initial claims of 189,000 in the week ended 31 October, according to Finance Calendar. October producer prices come out on Friday at the same time; Continuum Economics expects a 0.4% monthly rise in the headline index and 0.3% excluding food and energy, after September’s 1.3% and 0.7%.

Why it matters for gold:

Low claims say the job market is still tight, which supports the case for more hikes and can weigh on gold. A hot PPI after a hot CPI would add to that. The jobless claims event page and PPI time today show the release times in your zone and gold’s past reactions.

Source: Finance Calendar

06
Oil

Brent rises 1.4% to $92.76 but stays far below its October peak

Brent crude settled $1.27 or 1.39% higher at $92.76 a barrel on Wednesday and WTI rose 0.57% to $86.53, Kitco reported; the same report carried comments from Iranian security chief Mohsen Rezaei on Strait of Hormuz negotiations. Saxo noted that Brent has fallen from above $117 to below $90 at points and that US oil prices are nearly 20% below their October peak.

Why it matters for gold:

Oil feeds straight into inflation, and inflation is what is pushing the Fed to hike. The fall in oil since October is one of the few forces easing that pressure, so a rebound would be unwelcome for gold. The markets board puts gold, oil, the dollar and yields side by side.

Source: Kitco

07
India

India: MCX gold slips 0.67% to about ₹1,38,752 and silver drops 1.31%

MCX gold futures traded at ₹1,38,752 per 10 grams on Thursday morning, down 0.67%, and MCX silver fell 1.31% to about ₹1,82,103 per kg, Business Today reported at 10:18 IST. The report linked the weakness to oil-driven inflation worries that are feeding bets on more US rate hikes, and noted that silver has given up more than half of its 2025 gains.

Why it matters for gold:

MCX gold follows XAUUSD and the rupee, so a stronger dollar hits Indian futures from both sides. Traders in India can compare the two markets in our MCX gold vs XAUUSD guide and check the busiest hours in IST in best time to trade gold in India.

Source: Business Today

← 11 November 2026Live news, calendar & levelsXAUUSD analysis for 12 November 2026

Summaries are written by XAUUSD Global from the linked sources. Educational content only, not financial advice.

Daily surprise · Thursday 12 November 2026

Something new about gold, every day

Today’s gold fact

Distance from the record

Gold's record close is $5,318.4 (29 January 2026). At $3,988.1 on 11 Nov 2026 it is 25.0% below that record, 286 days later.

Gold all-time high tracker
Pattern of the day

US jobs report (NFP): 1 Nov 2024

US jobs report (NFP), 1 Nov 2024: gold fell 0.00% on the day, with a $29.8 range (0.94× its 20-day average). The release hour moved +$1.3, and by the 5 pm close that first move had reversed. Next day: −0.11%.

See every release in the study

Computed from XAUUSD Global’s own data: COMEX gold futures settlements and hourly bars, and our NFP, CPI and Fed studies. A new pair every day. Past behaviour is history, not a forecast. Education, not signals.

Weekly gold forecast

The levels for the week

How today’s news fits the week: the rule-based bias, the statistical range and the weekly pivot. See how past weeks scored. Education, not signals.

Gold this week week of 9 Nov

Full forecast
  • BiasRange
  • Statistical band$3,971 – $4,174
  • Last close$4,072.1
  • Weekly pivot$4,037.1

Spot $3,957.6 is $13.0 below this week's band, as of 12 Nov, 07:44 UTC.

Rule-based bias and a statistical band for spot XAUUSD, not a prediction. Education, not signals.