Gold suffers steepest weekly decline in four months
Gold prices ended the week with sharp losses as rising U.S. Treasury yields and a stronger dollar weighed on the precious metal.
On Friday, November 13, 2026, U.S. gold futures closed at $3,879.70 per ounce, bringing their weekly decline to 4.55%. This marked gold's steepest weekly drop since early June. Persistently high inflation in the United States and expectations that the Federal Reserve (Fed) could continue raising interest rates intensified selling pressure on gold.
U.S. producer inflation for October came in below expectations at 0.3% month over month, supporting a modest recovery in gold prices on the final trading day of the week. However, annual producer inflation rose to 6.5%, indicating that price pressures remained elevated. As a non-yielding asset, gold became less attractive to investors amid higher Treasury yields, while the strengthening dollar added further downward pressure on prices. Markets are now focused on the Fed's December interest rate decision and upcoming economic data.