Gold closed Thu 12 Nov at $3,879, down 2.8%
The story that best fits the day: Three Tankers Attacked in Two Days in Strait of Hormuz Crisis.
What moved gold on Thursday 12 November 2026
Gold closed Thu 12 Nov at $3,879, down 2.8%. The story that best fits the day: Three Tankers Attacked in Two Days in Strait of Hormuz Crisis.
Three Tankers Attacked in Two Days in Strait of Hormuz Crisis
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold fell 0.21% in the next hour, as the verdict suggested.
Gold $3,883 when this landed Read at The Maritime Executive
Oil prices rise after Iran reports strikes
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold fell 0.09% in the next hour, as the verdict suggested.
Gold $3,885 when this landed Read at investingLive
Southern Iran’s Sirik attacked, IRNA cites official sources as saying
A bigger war in the Gulf threatens oil supply. More expensive oil keeps inflation and US interest rates high, which hurts gold.
Effect: right now
Gold rose 0.15% in the next hour, against the verdict.
Gold $3,881 when this landed Read at Arab News
Tanker Ablaze Off UAE as More Attacks Rattle Gulf Shipping
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold $3,882 when this landed Read at gCaptain
Iran says two oil tankers carrying over four million barrels ablaze in Hormuz Strait
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.19% in the next hour, against the verdict.
Gold $3,877 when this landed Read at Hellenic Shipping News
Gold tumbles $112 as sellers break below the late-October/early-November low
Sellers are pushing gold lower. Moves this size usually follow a shift in the dollar, US interest rates or fear in the market.
Effect: right now
Gold rose 0.19% in the next hour, against the verdict.
Gold $3,877 when this landed Read at investingLive
Four tankers struck by explosions in Strait of Hormuz, Iran says
Trouble for tankers threatens oil flows from the Gulf. More expensive oil keeps inflation and US interest rates high, which gold does not like.
Effect: right now
Gold rose 0.12% in the next hour, against the verdict.
Gold $3,867 when this landed Read at Investing.com Commodities
The US dollar moves higher as Treasury yields extend their gains
Gold is priced in dollars. A stronger dollar makes it more expensive for everyone else and tends to push it down.
Effect: right now
Gold $3,871 when this landed Read at investingLive
Fed’s Hammack Backs More Rate Hikes but Sees No Need for Faster Tightening
Higher US interest rates make savings and bonds pay more, and gold pays nothing, so it tends to lose out.
Effect: right now
Gold rose 0.27% in the next hour, against the verdict.
Gold $3,865 when this landed Read at ActionForex
1 more on this
- Fed’s Hammack backs gradual rate hikes as AI spending fuels sticky inflation Hellenic Shipping News
Gold down 3.0% today, now $3,869
Down $120 since the last close. The stories that fit this move:
Gold dropped $16 in 8 minutes, now $3,870.90
From about $3,887 at
Likely reason
Fed’s Hammack Backs More Rate Hikes but Sees No Need for Faster Tightening ActionForex
Higher US interest rates make savings and bonds pay more, and gold pays nothing, so it tends to lose out.
Effect: right now
Gold jumped $18 in 5 minutes, now $3,902.50
From about $3,884 at
Likely reason
Fed's Hammack: We need to move to restrictive mon pol to lower inflation investingLive
Cooler US prices take pressure off the Fed to keep rates high. Lower rates usually help gold.
Effect: right now
Gold dropped another $20 in 19 minutes, now $3,889.00
From about $3,909 at
No news explains this yet. It may be big orders with no headline behind them, or news that is not out yet. This updates if a story lands.
In the news around then
Fed's Hammack: We need to move to restrictive mon pol to lower inflation
Cooler US prices take pressure off the Fed to keep rates high. Lower rates usually help gold.
Effect: right now
Gold fell 0.12% in the next hour, against the verdict.
Gold $3,893 when this landed Read at investingLive
Gold fell below $3,900
Many traders place orders at round numbers, so prices often pause or speed up there. Crossing one is not a signal on its own.
Gold dropped $18 in 10 minutes, now $3,908.70
From about $3,927 at
No news explains this yet. It may be big orders with no headline behind them, or news that is not out yet. This updates if a story lands.
In the news around then
Initial jobless claims rise more than expected in past week; continuing claims stay low
Result: 200K, expected 194K
A weak US jobs market makes lower interest rates more likely, which usually helps gold.
Effect: right now
Gold fell 0.05% in the next hour, against the verdict.
Gold $3,909 when this landed Read at Seeking Alpha
4 more on this
- Jobless Claims Rise to 200K, Exceeding Forecasts and Prior Levels Investing.com Economy
- US Jobless Claims Rise to 200K, but Continuing Claims Fall as Labor Market Holds Firm ActionForex
- US weekly jobless claims increase, but labor market firming Investing.com Economy
- US weekly initial jobless claims 200K vs 195K expected investingLive
Gold down 2.0% today, now $3,909
Down $80 since the last close. The stories that fit this move:
Gold dropped another $92 in 1357 minutes, now $3,923.80
From about $4,016 at
Likely reason
Nikkei leads Asian sell-off after reports of Nvidia shake-up weigh on U.S. futures; Japan PPI beats forecasts Seeking Alpha
Hotter US prices make higher interest rates more likely. Gold pays no interest, so it loses appeal.
Effect: right now
Romania’s inflation rises to 6.9% in October
Hotter US prices make higher interest rates more likely. Gold pays no interest, so it loses appeal.
Effect: right now
Gold fell 0.18% in the next hour, as the verdict suggested.
Gold $3,946 when this landed Read at Investing.com Economy
Dollar Hits 19-Month High as USDjpy Nears 160 and Japan Hints at Intervention
Gold is priced in dollars. A stronger dollar makes it more expensive for everyone else and tends to push it down.
Effect: right now
Gold fell 0.07% in the next hour, as the verdict suggested.
Gold $3,950 when this landed Read at ActionForex
EU, UK move to delay 10% EV tariff after industry pushback - report
Easing trade fights makes investors less nervous, so there is less call for gold as protection.
Effect: right now
Gold fell 0.23% in the next hour, as the verdict suggested.
Gold $3,954 when this landed Read at Seeking Alpha
1 more on this
Bitcoin consolidates near recent lows as hawkish Fed repricing weighs on the crypto market
Higher US interest rates make savings and bonds pay more, and gold pays nothing, so it tends to lose out.
Effect: right now
Gold $3,939 when this landed Read at investingLive
Gold down 1.0% today, now $3,947
Down $42 since the last close. The stories that fit this move:
Gold fell below $3,950
Many traders place orders at round numbers, so prices often pause or speed up there. Crossing one is not a signal on its own.
Nikkei leads Asian sell-off after reports of Nvidia shake-up weigh on U.S. futures; Japan PPI beats forecasts
Hotter US prices make higher interest rates more likely. Gold pays no interest, so it loses appeal.
Effect: right now
Gold fell 0.33% in the next hour, as the verdict suggested.
Gold $3,975 when this landed Read at Seeking Alpha
CBA’s Chambers sees room for higher US 10-year yields despite the slide in oil prices
Higher yields mean bonds pay more. Gold pays nothing, so it looks less attractive next to them.
Effect: right now
Gold $3,984 when this landed Read at investingLive
Morning brief for Thu 12 Nov: Gold about $3,982
Where gold is
- About $3,982, down $7 (−0.2%) since the last close.
What happened
- Bullish: Gold mining stocks rise as bullion climbs after inflation-driven slide
- Bearish: Ethereum extends losses as Fed's Waller puts a larger rate hike on the table and US CPI remains hot
- Bearish: Iran says oil tanker hit mine and caught fire in Strait of Hormuz
- Bearish: Gold dips after Fed's Waller drops the 50 bps hike bomb and US CPI comes above expectations
Coming up
- : US weekly jobless claims (Expected 194K, last time 189K)
Gold clings below $4,000 as inflation fears fuel bets on bigger Fed hikes
Sellers are pushing gold lower. Moves this size usually follow a shift in the dollar, US interest rates or fear in the market.
Effect: right now
Gold fell 0.26% in the next hour, as the verdict suggested.
Gold $3,998 when this landed Read at Investing.com Commodities
Gold fell below yesterday's low and this week's low of $3,983.70
Many traders watch this level. Crossing it can bring more selling, but prices often turn back, so it is not a signal on its own.
Gold fell below yesterday's close of $3,988.90
Many traders watch this level. Crossing it can bring more selling, but prices often turn back, so it is not a signal on its own.