Gold extends its decline
Gold prices remained under pressure on Friday, November 13, 2026, as U.S. Treasury yields continued to rise and the dollar strengthened.
Spot gold traded at approximately $3,910 per ounce during the morning session, remaining at depressed levels following sharp losses in recent days. Stronger-than-expected U.S. inflation data reinforced expectations that the Federal Reserve (Fed) could adopt a tighter monetary policy stance, weighing on demand for the precious metal.
Growing expectations of a potential Fed interest rate hike in December reduced the appeal of non-yielding gold among investors. Rising U.S. Treasury yields and a stronger dollar added further selling pressure. Investors are now focused on U.S. producer inflation data scheduled for release today, as a higher-than-expected reading could increase volatility in gold prices. Markets are also closely monitoring new signals from the Fed regarding monetary policy and movements in the U.S. dollar.