Gold price: TD Securities sees gold retesting $3,900 as Fed hike wagers and a firm dollar bite
That makes Fed speakers and next month's data more crucial for bullion than geopolitical headlines. According to TD Securities, gold is expected to retest support near $3,900 an ounce as advancing US borrowing costs and a firmer dollar keep weighing on investment demand.
In this article
On the gold price front, that makes Fed speakers and next month's data more crucial for bullion than geopolitical headlines, according to investingLive. According to TD Securities, gold is expected to retest support near $3,900 an ounce as advancing US borrowing costs and a firmer dollar keep weighing on investment demand.
Inside the Gold price story
Central bank buying below $4,000 may cushion the fall on the downside. Any sign that oil prices are easing would weaken the inflation case for further hikes and could swiftly revive interest in gold on the upside. On Wednesday, the call came as gold eased below $4,000 an ounce.
Why gold price matters for traders
Federal Reserve policy is the single biggest driver of the US dollar, Treasury yields and global risk appetite. Any shift in the expected path of interest rates is priced into currencies, gold and stock indices within minutes.
Hawkish signals typically lift the greenback and pressure non-yielding assets such as gold, whereas dovish signals often help equities and emerging-market currencies.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 01:11 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,798.00 | 0.47% | 74,811.45 | 73,209.12 |
| Ethereum (ETH) | 2,052.49 | 0.32% | 2,103.78 | 2,035.83 |
| Solana (SOL) | 83.22 | 0.14% | 85.85 | 82.19 |
On the currency side, the latest ECB daily reference rates (2026-11-11) show EUR/USD 1.1127, GBP/USD 1.3307, AUD/USD 0.6859, NZD/USD 0.5583, USD/JPY 159.23, USD/CHF 0.8299, USD/CAD 1.4235, USD/CNY 6.6707. These are reference fixes, not live quotes.
What to watch next for gold price
Traders will focus on upcoming comments from Fed officials, the next inflation and labour-market releases, and pricing in rate futures for clues about the timing of the next policy move.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- 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%
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FAQ
What is the latest gold price news?
That makes Fed speakers and next month's data more crucial for bullion than geopolitical headlines.
How do Fed rate decisions affect forex markets?
Higher US rates tend to attract capital into dollar assets and strengthen the greenback, while lower rates or dovish guidance usually weaken it against other major currencies.
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.
