Geopolitics Alpha

Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure

Published . Updated .

Key takeaways

  • Exposed: GLD, GDX, TLT, 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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GEOPOLITICS ALPHAGold slips below $4,000 as hawkishFed bets keep bullion underpressureGEOPOLITICS ALPHA

This report is about gold and US interest rates.

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.

  • TLT iShares 20+ Year Treasury Bond ETF+0.2% 17d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) 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.

  • JPM JPMorgan Chase-1.4% 30d

    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-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.

  • BAC Bank of America-12.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • WPM Wheaton Precious Metals-16.6% 30d

    Wheaton Precious Metals (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

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
TLT+1.21%+1.27%base-1.49%after closeafter closeafter close
NEM+1.08%+5.62%base-4.91%after closeafter closeafter close
JPM-1.72%-0.42%base-0.17%after closeafter closeafter close
AEM+1.57%+7.96%base-4.10%after closeafter closeafter close
BAC-1.69%-0.16%base-0.24%after closeafter closeafter close
WPM-2.28%+6.14%base-2.77%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 slips below $4,000 as hawkish Fed bets keep bullion under pressure Investing.com

Source: Investing.com

Price since this story was published: Spdr Gold Trust (GLD)

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
BACthat day-0.24%final price
BACthree days earlier-0.16%final price
BACfive days earlier-1.69%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
Jpmorgan Chase (JPM)that day-0.17%final price
Jpmorgan Chase (JPM)three days earlier-0.42%final price
Jpmorgan Chase (JPM)five days earlier-1.72%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 (TLT)that day-1.49%final price
Ishares Tr (TLT)three days earlier+1.27%final price
Ishares Tr (TLT)five days earlier+1.21%final price
Wheaton Precious Metals (WPM)that day-2.77%final price
Wheaton Precious Metals (WPM)three days earlier+6.14%final price
Wheaton Precious Metals (WPM)five days earlier-2.28%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 mentioned with this story

  • GLD Spdr Gold Trust

    In “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • GDX Vaneck Etf Trust

    For “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • TLT Ishares Tr

    In “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. 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

  • NEM Newmont

    For “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure,” 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 slips below $4,000 as hawkish Fed bets keep bullion under pressure,” 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

  • WPM Wheaton Precious Metals

    Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • GOLD Gold.com

    Gold.com (GOLD) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure.” Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • JPM Jpmorgan Chase

    In “Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure,” 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

Spdr Gold Trust (GLD)

“Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure” (12 Nov 2026) reaches Spdr Gold Trust (GLD) through this story.

For Spdr Gold Trust (GLD), the reason on file says SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

Vaneck Etf Trust (GDX) is here too. Its reason reads: 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.

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

46 out of 100

“Gold slips below $4,000 as hawkish Fed bets keep bullion under pressure” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.