Gold Price Today: Spot Gold Slides 2.6% to $4,026 as Treasury Yields and the Dollar Climb
Gold fell 2.6% to $4,026.41 an ounce on Tuesday as a hot US inflation report lifted Fed hike bets, pushing the 10-year yield to 4.996% and the dollar higher.
Gold fell 2.6% to $4,026.41 an ounce on Tuesday, giving back $107.62 from Monday's close of $4,134.03 as a hotter-than-expected US inflation report lifted bets on a Federal Reserve rate hike. Higher Treasury yields and a firmer dollar met the metal head-on, and the selling spread across the commodity complex.
The US 10-year yield climbed 2.71% to 4.996%, up from 4.864% at the previous close, while the Dollar Index gained 0.7% to 102.363. A stronger dollar makes dollar-priced gold more expensive for holders of other currencies, and a higher yield raises the opportunity cost of owning a metal that pays no interest. Both moved the wrong way for bullion at the same time. Track the metal on the gold price page.
Silver and copper follow gold lower
Silver dropped 2.46% to $51.395 an ounce, a near copy of gold's move. Copper, more tied to industrial demand than to rate expectations, lost 1.5% to $6.2495 a pound. Silver is tracked on its own silver price page.
Energy was calmer. Brent slipped 0.92% to $91.72 a barrel and WTI eased 0.28% to $86.61, while natural gas rose 1.06% to $3.252 per MMBtu. Oil was already sharply lower earlier in the session, so Tuesday's afternoon drift was modest by comparison. See the Brent page for the full picture.
Wall Street and crypto under pressure
The inflation data hit risk assets as well. The S&P 500 was down 0.67% at 7,499.5, the Nasdaq lost 0.91% to 25,022.79 and the Dow shed 0.63% to 52,060.85. The VIX rose 3.77% to 20.67. Nasdaq futures had fallen 1.1% when the CPI figures landed, according to our earlier markets report, and the Wall Street stumble that followed has kept the major indexes in the red.
Crypto fell harder. Bitcoin dropped 3.04% to $72,969.93, Ethereum slid 5.56% to $2,013.90 and Solana lost 5.58% to $81.73. Our Bitcoin report ties that decline to the same hot inflation reading and the rate-hike bets it revived.
Asia and Europe had a better day
The pressure arrived after most of the world's other markets had closed. Japan's Nikkei 225 rose 2.87% to 60,459.58, the Straits Times gained 1.53% to 5,258.59 and Australia's ASX 200 added 1.2% to 9,129. Jakarta's IHSG closed up 1.49% at 5,125.73, and Hong Kong's Hang Seng edged 0.31% higher to 24,557.04. The IHSG page carries the full Jakarta picture.
In Europe the DAX gained 0.55% to 26,410.88, the CAC 40 rose 0.84% to 8,302.47 and the Euro STOXX 50 added 0.82% to 6,342.22. London's FTSE 100 ended flat at 10,782.75. Canada's S&P/TSX, still trading, was down 0.77% at 36,166.51, and Brazil's Bovespa was off 0.5% at 171,381.02.
Currencies
The euro weakened 0.59% to $1.1152 and the pound fell 0.95% to $1.3318. The Australian dollar was the weakest of the majors, down 1.1% at $0.6851, while the dollar rose 0.58% against the yen to 158.818. The rupiah slipped slightly, with USD/IDR up 0.15% at 18,102.56.
What to watch next
Attention now turns to how far the 10-year yield moves beyond 4.996% and whether the dollar's gains hold. Cisco and Applied Materials report on Thursday, November 12, and Nvidia follows on Tuesday, November 17, with Walt Disney and Home Depot reporting the same day. Any further sign that inflation is running hot would keep rate-hike expectations, and pressure on gold, in focus.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| Gold (spot) | 4,026.41 | −107.62 | −2.60% |
| Brent | 91.72 | −0.85 | −0.92% |
| WTI | 86.61 | −0.24 | −0.28% |
| Silver | 51.40 | −1.30 | −2.46% |
| Copper | 6.250 | −0.095 | −1.50% |
| Natural Gas | 3.252 | +0.034 | +1.06% |
| USD/IDR | 18,103 | +27 | +0.15% |
| S&P 500 | 7,499.50 | −50.44 | −0.67% |
Data as of 10 Nov 2026, 23:35 WIB (16:35 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
