Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices
Published . Updated .
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TradingKey - On November 12, gold prices (XAUUSD) extended their recent decline, falling further below $4,000 in early Asian trading and touching an intraday low near $3,968. Earlier, higher-than-expected U.S. October CPI data, combined with hawkish signals from Federal Reserve
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.1% 18d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-10.0% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TLT iShares 20+ Year Treasury Bond ETF+0.0% 18d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF+0.9% 18d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-8.6% 9d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Asia
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Asia
- NEM Newmont-11.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLD | +2.83% | +3.93% | base | after close | after close | after close | after close |
| GDX | +0.60% | +7.30% | base | after close | after close | after close | after close |
| TLT | +1.21% | +1.27% | base | after close | after close | after close | after close |
| TIP | +0.93% | +0.72% | base | after close | after close | after close | after close |
| AAXJNo price data for this ticker | — | — | — | — | — | — | — |
| BWXNo price data for this ticker | — | — | — | — | — | — | — |
| EFANo price data for this ticker | — | — | — | — | — | — | — |
| NEM | +1.08% | +5.62% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices TradingKey
Source: TradingKey
How far Spdr Gold Trust (GLD) has moved since 12 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (GDX) | three days earlier | +7.30% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | +0.60% | final price |
| Spdr Gold Trust (GLD) | three days earlier | +3.93% | final price |
| Spdr Gold Trust (GLD) | five days earlier | +2.83% | final price |
| Newmont (NEM) | three days earlier | +5.62% | final price |
| Newmont (NEM) | five days earlier | +1.08% | final price |
| Ishares Tr (TIP) | three days earlier | +0.72% | final price |
| Ishares Tr (TIP) | five days earlier | +0.93% | final price |
| Ishares Tr (TLT) | three days earlier | +1.27% | final price |
| Ishares Tr (TLT) | five days earlier | +1.21% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman sold EFA (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 21 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 69 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 23 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies carried with this story
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices.” Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices.” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- TIP Ishares Tr
In “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- NEM Newmont
Newmont (NEM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices.” Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- JPM Jpmorgan Chase
In “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- AEM Agnico Eagle Mines
Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices.” Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- BAC Bank Of America
In “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
Spdr Gold Trust (GLD)
Spdr Gold Trust (GLD) is the company in “Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices,” the 12 Nov 2026 this story story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
A second company, Vaneck Etf Trust (GDX), is listed for a different reason: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Dates and price levels for Spdr Gold Trust (GLD)
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 385.21 across 15 sessions. The latest close on file is 379.67. TLT traded between 76.44 and 80.56 across 15 sessions. The latest close on file is 79.46.
What the saved facts support for Spdr Gold Trust (GLD)
46 out of 100
“Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.