Gold price today: spot gold (XAUUSD) edged up to around $3,888 this morning after sliding nearly 3% yesterday to a low near $3,852, its lowest in more than a year, as the dollar hit a 19-month high, US Treasury yields jumped above 5.1% and markets added to bets on a December Fed rate hike. Today, watch US PPI at 13:30 GMT.
Updated Fri 13 Nov 2026 · 02:39 GMT · Spot gold price as of the Asian morning, 13 Nov 2026 (around 02:35 GMT)
vs Thursday 12 Nov close · Gold slid nearly 3% yesterday to a low near $3,852, the lowest since 3 Oct 2025 (Reuters via Nation Thailand, Investing.com)
Key points for gold today
- 1Spot gold is recovering to around $3,888 (+0.30%) this morning after hitting a low near $3,852 yesterday, the lowest since 3 Oct 2025; it is still down about 5.3% over the past month
- 2The dollar index (DXY) is around 103.2, a 19-month high, the US 10-year yield is near 5.13% and CME FedWatch puts the odds of a 0.25% December Fed hike at about 87%
- 3Resistance is at $4,038 and $4,200; support is at $3,870, $3,851 and $3,794
- 4Today, watch US PPI for October at 13:30 GMT, forecast at +0.4% m/m from +1.3%, and eurozone GDP at 10:00 GMT
3 factors driving gold
- FEDMarkets add to bets on a December Fed hike
After this week’s hotter-than-expected US CPI, CME FedWatch puts the odds of a 0.25% Fed hike at the December meeting at about 87% (Reuters), while FXStreet says markets see about a 14.5% chance of a larger 0.50% move, up from almost zero before the CPI release. Fed Governor Christopher Waller said a 0.50% hike should be considered if core inflation stays high, the main source of pressure on non-yielding gold.
- DXYDollar at a 19-month high, yields above 5.1%
The dollar index (DXY) is holding around 103.2, a 19-month high, while the US 10-year Treasury yield is near 5.13% (Trading Economics, Krungthai Bank). That makes dollar-priced gold more expensive for holders of other currencies and raises the cost of holding gold.
- OILOil jumps, adding to inflation worries
Brent crude rose to around $96 a barrel after Trump said the US does not need a deal with Iran (Investing.com). Higher energy prices raise concerns that inflation will stay elevated and support the case for the Fed to keep tightening, even though Middle East tensions usually support gold.
Support and resistance levels to watch
| $4,200 | R2 | 100-day moving average (SMA), near the upper Bollinger Band around $4,205 |
| $4,038 | R1 | Middle Bollinger Band (20-day), first resistance |
| $3,888 | NOW | Latest price (Trading Economics, around 02:35 GMT) |
| $3,870 | S1 | Lower Bollinger Band, first support |
| $3,851 | S2 | 12 Nov low |
| $3,794 | S3 | 127.2% Fibonacci extension target |
Levels as of 12 Nov 2026, based on FXStreet and FXEmpire analysis. Not trading advice · RSI (14) near 37.6 per FXStreet
If gold rises / if it falls
Reclaims $4,038
If PPI comes in below forecast and yields pull back, gold could recover to test the middle Bollinger Band near $4,038. A break above would put the next level at the 100-day moving average near $4,200.
Breaks below $3,870 and $3,851
If PPI is hotter than expected and the dollar keeps strengthening, selling could extend to the 127.2% Fibonacci target near $3,794, then the 161.8% target near $3,698, according to FXEmpire.
Levels as of 12 Nov 2026, based on FXStreet and FXEmpire analysis. Not trading advice.
Releases that move gold, Fri 13 Nov 2026 (GMT)
- Eurozone GDP Q3 (second estimate)Forecast +0.4% q/q, same as the flash estimateRead the preview →MED
- US PPI (Oct)Forecast +0.4% m/m from +1.3% · y/y seen around 6.6%A hotter-than-expected print could lift the dollar and yields further and weigh on gold; a softer one could help gold recoverRead the preview →Due 13:30 GMTHIGH
- Fed speakers: Bowman and DalyAfter the PPI data · Markets watch for December hike signalsMED
Gold below $3,900 ahead of PPI. Get cash back on every lot
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Sources (8)
- Trading Economics – Gold (13 Nov, around 02:35 GMT)
- Nation Thailand / Reuters – Global gold drops 3% to over one-year low (13 Nov)
- Investing.com – Gold slides near a 13-month low (13 Nov)
- FXStreet (via TMGM) – Gold falls to over one-year low below $3,900 (12 Nov)
- FXEmpire – Gold Price Forecast: Dollar Strength Extends Downside Targets (12 Nov)
- PPTV – Krungthai Bank market open, 13 Nov (DXY / Yield)
- InfoQuest – Money market report, 13 Nov (PPI forecast)
- BLS – Producer Price Index
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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