# Gold languishes near 13-month low as $96 oil fuels bets on bigger Fed hikes

> Spot gold traded below $3,900 an ounce after a nearly 3% plunge briefly sent it to a 13-month low. Rising oil prices and hawkish Federal Reserve signals, including comments from Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly, pushed up expectations of further rate increases. Treasury yields extended their surge.

- Date: 2026-11-13 · published 2026-11-13T03:12:52.452Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/97078-gold-languishes-near-13-month-low-as-96-oil-fuels-bets-on-bigger-fed-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected US interest rates strengthen the dollar and raise the cost of holding non-yielding assets, which weighs on commodity prices broadly. The firmer dollar makes US-priced commodities more expensive for overseas feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| 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 | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |
| DXY | 2023-02-17 | [S.Korean won near 2-month low as US data fans Fed hike views - KED Global](https://feedsoft.ai/events/37544-s-korean-won-near-2-month-low-as-us-data-fans-fed-hike-views-ked-global.md) | +0.9% | +0.9% |
| DXY | 2026-06-23 | [Dollar climbs to 13-month high on Fed hike bets, safe-haven bid \| Reuters](https://feedsoft.ai/events/11987-dollar-climbs-to-13-month-high-on-fed-hike-bets-safe-haven-bid-reuters.md) | +0.3% | +0.0% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/gold-languishes-near-13month-low-as-96-oil-fuels-bets-on-bigger-fed-hikes-5023860

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