Geopolitics Alpha

Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency

Published . Updated .

Key takeaways

  • Gold fell 0.43% to $3,970.59 per ounce on November 12 after US inflation data, while the dollar remained near its highest level since April 2025.
  • Exposed: GLD, GDX, TIP, NEM, AEM
  • Market reaction: GDX −3.9% on the day; GLD −2.8% on the day; NEM −4.9% on the day

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Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency

Gold fell 0.43% to $3,970.59 per ounce on November 12 after US inflation data, while the dollar remained near its highest level since April 2025.

Directly affected

  • No company is named in this report.

Indirectly affected

  • GLD SPDR Gold Shares-3.5% 17d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • GDX VanEck Gold Miners ETF-10.5% 30d

    VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • TIP iShares TIPS Bond ETF+0.7% 17d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • UUP Invesco DB US Dollar Index Bullish Fund+1.9% 30d

    Invesco DB US Dollar Index Bullish Fund: it tracks currencies. Linked by “the dollar” (currencies) in this story.

  • NEM Newmont-11.5% 30d

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • AEM Agnico Eagle Mines-7.1% 30d

    Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • WMT Walmart+19.7% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+18.8% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLD+2.83%+3.93%base-2.83%after closeafter closeafter close
GDX+0.60%+7.30%base-3.93%after closeafter closeafter close
TIP+0.93%+0.72%base-0.46%after closeafter closeafter close
UUP-1.46%-1.31%base+0.20%after closeafter closeafter close
NEM+1.08%+5.62%base-4.91%after closeafter closeafter close
AEM+1.57%+7.96%base-4.10%after closeafter closeafter close
WMT+1.59%-0.08%base+0.18%after closeafter closeafter close
COST-1.92%-1.90%base+0.51%after closeafter closeafter 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 falls below $4,000 per ounce amid US inflation — Anadolu Agency UA.NEWS

Source: UA.NEWS

The price since 12 Nov 2026: Spdr Gold Trust (GLD) versus the S&P 500

CompanyWhenMoveStatus
Agnico Eagle Mines (AEM)that day-4.10%final price
Agnico Eagle Mines (AEM)three days earlier+7.96%final price
Agnico Eagle Mines (AEM)five days earlier+1.57%final price
Costco Wholesale (COST)that day+0.51%final price
Costco Wholesale (COST)three days earlier-1.90%final price
Costco Wholesale (COST)five days earlier-1.92%final price
Vaneck Etf Trust (GDX)that day-3.93%final price
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)that day-2.83%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)that day-4.91%final price
Newmont (NEM)three days earlier+5.62%final price
Newmont (NEM)five days earlier+1.08%final price
Ishares Tr (TIP)that day-0.46%final price
Ishares Tr (TIP)three days earlier+0.72%final price
Ishares Tr (TIP)five days earlier+0.93%final price
UUPthat day+0.20%final price
UUPthree days earlier-1.31%final price
UUPfive days earlier-1.46%final price
Walmart (WMT)that day+0.18%final price
Walmart (WMT)three days earlier-0.08%final price
Walmart (WMT)five days earlier+1.59%final price

Trades by members of Congress and officials in the stocks in this story

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 tied to 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 falls below $4,000 per ounce amid US inflation — Anadolu Agency.” 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 falls below $4,000 per ounce amid US inflation — Anadolu Agency.” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • TIP Ishares Tr

    For “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency,” 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

    In “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • AEM Agnico Eagle Mines

    In “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. 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

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • COST Costco Wholesale

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • PG Procter & Gamble

    For “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

Spdr Gold Trust (GLD)

On 12 Nov 2026, “Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency” is the story that connects Spdr Gold Trust (GLD) to this story.

What ties Spdr Gold Trust (GLD) to the headline is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

The price range for Spdr Gold Trust (GLD), and the dates in the story

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. TIP traded between 103.77 and 105.61 across 15 sessions. The latest close on file is 105.27.

How strong the case is around Spdr Gold Trust (GLD)

46 out of 100

“Gold falls below $4,000 per ounce amid US inflation — Anadolu Agency” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.