# TD Securities sees gold retesting $3,900 as Fed hike bets and a firm dollar bite

> TD Securities expects gold to retest support near $3,900 an ounce as higher US rates and a stronger dollar weigh on investment demand. Gold slipped below $4,000 after hotter-than-expected October CPI and a two-day slide. Treasury yields near 5% add to the pressure, while central-bank buying may cushion declines.

- Date: 2026-11-12 · published 2026-11-12T03:12:54.045Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/94855-td-securities-sees-gold-retesting-3-900-as-fed-hike-bets-and-a-firm-dollar-bite
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast retest of $3,900 reflects rising real rate expectations and dollar strength, while easing oil prices could weaken the inflation case for further hikes and revive gold demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | +1.4% | +0.8% |
| DXY | 2018-06-13 | [Dollar mostly firmer as Fed sees more U.S. rate hikes \| Reuters](https://feedsoft.ai/events/64708-dollar-mostly-firmer-as-fed-sees-more-u-s-rate-hikes-reuters.md) | +1.3% | +0.6% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |

## Sources

- investinglive.com: https://investinglive.com/commodities/td-securities-sees-gold-retesting-3-900-as-fed-hike-bets-and-a-firm-dollar-bite/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.