Gold price today: spot gold (XAUUSD) is holding below $4,000 at around $3,985 on Thursday morning after breaking below this psychological level on Wednesday, as the dollar index (DXY) firmed to around 102.86, its highest since Apr 2025, and markets priced about a 91% chance of a December Fed rate hike. Today the focus is on US initial jobless claims at 13:30 GMT.
Updated Thu 12 Nov 2026 · 02:21 GMT · Spot gold price as of the Asian morning, 12 Nov 2026 (Trading Economics)
vs previous price around $3,987.84 · Bloomberg reported spot gold near $3,971.51, down 0.4%, at 00:09 GMT (via Krungthep Turakij) · Gold has been below $4,000 since Wednesday 11 Nov
Key points for gold today
- 1Spot gold is around $3,985 (−0.07%) this morning, still below $4,000; it is down about 4.24% over the past month and about 4.45% over the past year
- 2Markets price about a 91% chance of a December Fed hike after October US CPI came in at +0.4%, above forecast, and Waller opened the door to a 0.50% move
- 3The dollar index (DXY) is around 102.86, its highest since Apr 2025, while the US 10-year Treasury yield is near 4.98%
- 4Resistance is at $4,000 and $4,085; support is at $3,937, $3,895 and $3,800. Watch US jobless claims today (13:30 GMT) and US PPI on Friday
3 factors driving gold
- FEDMarkets bet on a December Fed hike, about 91%
October US CPI rose 0.4%, above the 0.3% forecast, and Core rose 0.3% vs 0.2% expected. Several Fed officials have sounded hawkish: Waller said a 0.50% hike in December may be needed, while Logan backed at least two more hikes. Trading Economics says markets price about a 91% chance of a hike next month, weighing on non-yielding gold.
- DXYDollar at its strongest since Apr 2025
The dollar index (DXY) is around 102.86 this morning after reaching 102.95 on Wednesday, its highest level since Apr 2025, according to Trading Economics. A stronger dollar makes gold more expensive for holders of other currencies.
- 10YUS yields stay high, near 5%
The US 10-year Treasury yield is near 4.98% after bouncing back above 5% on Tuesday 10 Nov following the CPI release. Higher yields raise the cost of holding gold. Silver (XAG) is steady around $51.66 but is down about 12.69% over the past month.
Support and resistance levels to watch
| $4,085 | R2 | Weekly resistance per RoboForex; a break above targets $4,150 and $4,227 |
| $4,000 | R1 | Psychological level gold broke below on Wednesday 11 Nov |
| $3,985 | NOW | Morning price, 12 Nov (Trading Economics) |
| $3,937 | S1 | 30 Oct low, the lowest since Nov 2025 (Trading Economics) |
| $3,895 | S2 | Weekly support per RoboForex (mid zone $3,870–3,900) |
| $3,800 | S3 | Downside target per RoboForex |
If gold rises / if it falls
Reclaims $4,000
The next level is weekly resistance near $4,085; above that, RoboForex sees targets at $4,150 and $4,227. Higher-than-expected US jobless claims, or a pullback in yields and the dollar, could help.
Breaks below $3,937
Selling could test support at $3,895 and the $3,870–3,900 zone, then $3,800, which RoboForex sees as the downside target. Its weekly analysis still sees a bearish trend. Risks include more hawkish Fed comments or a hot PPI print on Friday.
Levels as of 9–12 Nov 2026, based on RoboForex analysis (9 Nov) and Trading Economics data. Not trading advice.
Releases that move gold, Thu 12 – Fri 13 Nov 2026 (GMT)
- UK GDP Q3 (preliminary)Forecast +0.7% q/q · Prior +0.5%MED
- US initial jobless claimsForecast 195K · Prior 189KA lower-than-expected print could lift the dollar further and weigh on goldDue Thu 13:30 GMTHIGH
- Fed speakers: Hammack and BarrMarkets watch for signals on a December hikeMED
- US existing home sales (Oct)Forecast 3.98 million unitsLOW
- US PPI (Oct) · 13 NovFollows the hotter-than-expected CPIHIGH
Gold slips below $4,000 as the dollar firms. Get cash back on every lot
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Sources (9)
- Trading Economics – Gold (12 Nov)
- Trading Economics – DXY (12 Nov)
- Trading Economics – US 10Y Yield (12 Nov)
- Trading Economics – Silver (12 Nov)
- Trading Economics – Gold Hits 51-week Low (30 Oct)
- Krungthep Turakij – Gold falls below $4,000 (Bloomberg, 12 Nov)
- RoboForex – Gold weekly forecast 9–13 Nov
- BLS – Consumer Price Index
- AskTraders – Week ahead: UK GDP / claims
Risk warning: Trading gold, forex and CFDs carries a high level of risk and you may lose all of your capital. This article is a summary for educational purposes only and is not investment advice. Prices may have changed by the time you read this.
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