Higher real yields and firmer US dollar weigh on gold as Trump puts Iran agreement in jeopardy
The US dollar and Treasury yields shot up following his remarks, while oil prices extended the advances, fuelling inflation worries and expectations of additional tightening moves. There's clearly solid downward pressure at the moment alongside the hawkish repricing, higher real yields and firmer US dollar.
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On the gold price front, the US dollar and Treasury yields shot up following his remarks, while oil prices extended the advances, fuelling inflation worries and expectations of additional tightening moves, according to investingLive. There's clearly solid downward pressure at the moment alongside the hawkish repricing, higher real yields and firmer US dollar.
Inside the Gold price story
Looking ahead, I would see tightening moves to start putting notable downward pressure on the equity market and long-term Treasury yields against a backdrop of rose growth worries given the longer than expected US-Iran tensions. We can see the buyers to pile in around the support, with a defined risk below the latest low, to position for a rally into the 4,700 level. We have a downward trendline defining the bearish momentum on the 4 hour chart.
Why gold price matters for traders
Gold is a safe-haven asset that tends to benefit from falling real interest rates, a weaker dollar and rising geopolitical risk. Central-bank buying has also become an important source of demand.
Because gold pays no interest, its price is sensitive to changes in bond yields and expectations for central-bank policy.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for gold price
Traders will watch US real yields, the dollar, central-bank demand and geopolitical headlines for the next move in bullion.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read European equity market open: Shares ease marginally as the rally takes a breather or see all of today's top market news.
FAQ
What is the latest gold price news?
The US dollar and Treasury yields shot up following his remarks, while oil prices extended the advances, fuelling inflation worries and expectations of additional tightening moves.
Why does gold rise when interest rates fall?
Gold pays no yield, so lower interest rates reduce the cost of holding it compared with bonds or cash, which tends to support its price.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
