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Bullion fell as much as 1.2% to below $4,000 an ounce during US hours as the dollar hit its highest since May 2025. Traders fully priced a quarter-point Fed hike next month, with a small chance of a half-point move.
Central-bank buying remained intact.
Expectations of tighter US monetary policy and a stronger greenback raise the cost of holding gold, which points to continued near-term pressure on its price.
businesstimes.com.sgNov 12, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
