A stronger U.S. dollar combined with interest rate hike expectations drives gold prices to a one-week low.

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智通财经2026/11/12 11:37

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International spot gold weakened for the third consecutive day, hitting a one-week low and retreating to around $3,946/oz during the session. US gold futures also declined simultaneously.
US inflation data exceeded expectations, and hawkish statements from Federal Reserve officials heightened expectations of a rate hike. The US dollar reached a 19-month high, reducing the appeal of non-yielding gold.
The market is currently pricing a 90% probability of a 25 basis point rate hike in December, while expectations for a 50 basis point hike have risen to 10%. Capital continues to flow out of precious metals.
The market is awaiting the US PPI data on Friday to gauge the future pace of Federal Reserve monetary policy.
Other precious metals also weakened simultaneously, with spot silver and palladium prices both seeing corrections of varying degrees.

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A stronger U.S. dollar combined with interest rate hike expectations drives gold prices to a one-week low.

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