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Spot gold and silver fell sharply in early U.S. trading on Thursday as persistent inflation and expectations of further Federal Reserve tightening strengthened the dollar and lifted Treasury yields. Gold dropped to its lowest level in more than a week, with spot gold down 2.38% and spot silver down 2.80%.
Jobless claims rose to 200,000 in the week ended Nov. 7, though layoffs remain limited.
A stronger dollar and higher real rates make dollar-priced commodities more expensive for foreign buyers, which tends to weigh on US feed-commodity export demand and prices. The move is a macro headwind for ag markets rather than a direct supply change.
kitco.comKitco NewsWireNov 12, 2026After 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.
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.
