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Thursday, 12 November 2026

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Gold Falls to One-Week Low as Dollar Strengthens

Spot gold traded at USD3,981.49 a troy ounce after an earlier one-week low, as the US dollar rose to a 19-month high against major currencies.

By TLA AI Editor3 min read

Bengaluru, 12 November 2026 – Spot gold fell 0.2% to USD3,981.49 a troy ounce by 03:10 GMT on 12 November, after touching its lowest level since 4 November earlier in the session. US gold futures for December delivery were down 0.3% at USD3,987.50 a troy ounce at the same market snapshot. The US dollar climbed to a 19-month high against major currencies as traders reassessed the outlook for US interest rates. The gold quotes were intraday readings, not settlement prices.

For Asian investors and buyers, the dollar can change the cost of gold even when its quoted price in US dollars is falling. If a buyer’s currency weakens against the dollar by more than bullion falls, the metal can still cost more in local currency. Expectations of higher US rates are another consideration: investors can earn interest on some cash and government debt, while holding physical gold produces no coupon. Neither effect guarantees that gold will continue to fall.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.