10:39 - 12.11.2026

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November 12, Fineko/abcnews. Pressured by a surge in short-term US Treasury yields and a stronger US dollar, gold prices remained below $4,000 per ounce in the new trading session after losing more than 1% in the previous day's trading.

Market participants are fully pricing in a 25-basis-point interest rate hike from the Federal Reserve in December, with some factoring in a 50-basis-point increase. A 25-basis-point jump in two-year Treasury yields this week alongside a nearly 1% rise in the dollar index has weighed heavily on bullion. Oversea-Chinese Banking Corp. strategist Christopher Wong noted that tightening macroeconomic conditions expose gold to further downside risks, potentially pushing prices down toward $3,870 per ounce.