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CommoditiesMediumUpdated•Originally published 12 November 2026•Updated 12 November 2026•
1 min read

Gold Prices Slip Below $4,000 Support as Rate Hike Bets Increase

Key Facts

1Gold prices dropped to settle below the $4,000 per ounce level amid increasing bets on interest rate hikes.

Gold prices dropped to settle below the $4,000 per ounce level on November 12, 2026. Investing.com reported that the decline followed increasing market bets on interest rate hikes, which caused the metal to break through a key psychological support level.

The decline is driven by expectations of tighter monetary policy and a stronger US dollar, reducing the appeal of non-yielding assets like gold. These movements occur amid persistent inflation concerns and recent labor market strength that have bolstered the case for rate hikes by the Federal Reserve under Chair Kevin Warsh.

Latest Updates · 1

  1. Notable·

    Update: Gold hit an intraday low of $3,968 per ounce on November 12, 2026. The move followed the release of US inflation data for October, which showed a 0.4% month-over-month increase, intensifying downward pressure on the precious metal.

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