Gold Closes at $3,877.59 After Retreating From $4,140.685
Key Facts
Gold against the U.S. dollar closed at $3,877.59 on November 12, 2026, after closing at $4,140.685 on November 9, according to EL7 data. The two closes put the metal’s movement over the intervening days at the center of market attention to the path of U.S. interest rates. This came after the release of October inflation data, which showed the Consumer Price Index rising 0.4% month over month on a seasonally adjusted basis. The monthly increase had reached 0.6% in September, according to the U.S. Bureau of Labor Statistics. The inflation report thus refocused traders on the direction of prices, while gold moved between the two closes recorded in the same week.
The Consumer Price Index for All Urban Consumers stood at 337.511 in October on an unadjusted basis, while the seasonally adjusted index rose 0.4% during the month, according to the Bureau of Labor Statistics. That put October’s monthly reading below September’s increase of 0.6%. The core index, which excludes food and energy, rose 0.3% in each of August, September and October. These figures offer a picture of inflation components that investors track when assessing the course of U.S. monetary policy. October’s reading was released as gold recorded a close of $3,877.59 on November 12.
Among the index components, the shelter index rose 0.3% in October and accounted for more than 30% of the monthly increase in the overall index, according to the Bureau of Labor Statistics. The food index also rose 0.5% during the month, while the energy index increased 0.7%. These readings detail the contribution of some major items to the 0.4% monthly rise in the Consumer Price Index. The increase in shelter came even as the overall index recorded a slower pace than September’s 0.6% increase. Against this backdrop, gold closed at $4,140.685 on November 9, before the later close of $3,877.59 on November 12, according to EL7 data.
Upcoming dates include the release of the Commitments of Traders report on November 16, 2026, according to the Commodity Futures Trading Commission’s schedule. The report is usually released at 3:30 p.m. Eastern time and typically includes data from the preceding Tuesday. The schedule lists November 16 as a delayed release because of a federal holiday. On the same day, the Federal Reserve’s calendar lists opening remarks by Chair Kevin Warsh at a conference of the Working Group on Productivity and Jobs. The two dates follow gold’s close at $3,877.59 on November 12, while the release date alone does not determine the direction of prices or its effect on them.
The next U.S. Consumer Price Index reading, for November, is scheduled for release on December 10, 2026, at 8:30 a.m. Eastern time, according to the Bureau of Labor Statistics. October’s reading showed a monthly increase of 0.4%, following a 0.6% rise in September. The bureau also says the core index rose 0.3% in each of August, September and October. These dates form a new sequence of data that markets will track after the October report. Gold had closed at $4,140.685 on November 9, then at $3,877.59 on November 12, according to EL7 data.