Gold Closes at $3,976.29 an Ounce After Retreating from $4,032.515
Key Facts
Gold closed against the U.S. dollar at $3,976.29 an ounce on November 11, 2026, down from $4,032.515 in the previous session, according to EL7 data. The close was below $4,000 after the price had ended the November 10 session above that level. Comparing the two closes puts the metal’s move in the context of pressure across both sessions, without establishing the path of trading during the November 11 session. The market story on November 12 focused on gold and the dollar, but the closing data available here do not establish that the dollar reached its highest level since the start of the year. They also do not establish that gold remained below $4,000 for a third consecutive day.
The lower close coincided with the release of U.S. consumer price data for October on November 10, according to the Bureau of Labor Statistics schedule. The Consumer Price Index for All Urban Consumers rose 0.4% on a seasonally adjusted monthly basis, after a 0.6% increase in September. The core index, which excludes food and energy, rose 0.3% in October, the same rate recorded in September and August. The headline CPI stood at 337.511, on the 1982–84=100 measurement basis. These figures provide economic context for market moves during the period, but on their own do not determine the reason for gold’s decline.
The Bureau of Labor Statistics said a lapse in appropriations prevented the collection of October 2025 data, making it impossible to publish the year-over-year change in October 2026 for indexes lacking comparison data. The bureau said rising prices could extend beyond the effects of temporary shocks from tariffs and higher gas prices into a broader range of the economy, according to the Associated Press. Broader price pressures could increase borrowing costs, the agency said. This assessment places inflation developments in a wider context than a single month’s reading, without providing an estimate for gold or the dollar. The reported October monthly figures remain the available comparison between headline and core increases.
Market attention now turns to the U.S. producer price index for October, scheduled for release on November 13 at 08:30 a.m. Eastern Time, according to the Bureau of Labor Statistics. The release follows consumer price data showing monthly increases of 0.4% in the headline index and 0.3% in the core index. The available evidence includes no documented forecast for the rate of change in producer prices, so no expected result for the release can be determined. The Federal Reserve’s calendar also lists a fireside chat with Vice Chair for Supervision Michelle Bowman on November 13 at 10:50 a.m. The calendar describes the topic as supervision and regulation, as part of the Connecticut Bankers Association’s annual meeting and convention.
The next event on the U.S. monetary policy calendar is the Federal Open Market Committee meeting on December 8 and 9, 2026, with a press conference scheduled for December 9, according to the Federal Reserve. The meeting follows the producer price index release scheduled for November, while the available evidence does not specify the meeting’s decision or path. For gold, the available closing data show XAU/USD moving from $4,032.515 on November 10 to $3,976.29 on November 11. The data provide no closing figure for November 12 and no confirmation of price action during that session. The November 11 close therefore remains the latest specified price level in the EL7 data provided for this story.