◂ Event Timeline

Nov 12, 2026MACROUS

Gold falls to over one-week low on firm dollar, Fed rate hike bets

Spot gold fell 0.2% to $3,981.49 per ounce after touching its lowest level since November 4, following stronger US inflation data and hawkish Fed remarks. The dollar climbed to a 19-month high against major peers.

WHY IT MATTERS

Gold is not a feed commodity, but the move reflects a firm dollar and rising rate expectations that pressure dollar-priced agricultural commodities. The effect on feed markets is indirect.

AFFECTSUS Dollar (Broad)▲

SOURCE
cnbc.comReutersNov 12, 2026

Price reaction & history

US Dollar (Broad)▲bullish

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Oct 29, 2021Gold hits over one-week low as dollar rallies on inflation data+0.8%
Oct 28, 2022Gold down 1% as dollar, yields rise on Fed rate-hike bets+1.2%
Nov 10, 2018Gold falls to one-month low as Fed affirms rate-hiking stance-0.4%
Nov 18, 2022Gold falls on Fed rate hike prospects, on track for weekly dip | Reuters-0.5%
Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+1.4%

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.

US Dollar (Broad) DXY · GP ▸

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