Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about gold and metals & mining.
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.
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.2% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) 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.
- 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.
- FCX Freeport-McMoRan-10.3% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- BHP BHP Group-6.9% 17d
BHP Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) 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 | -2.83% | after close | after close | after close |
| GDX | +0.60% | +7.30% | base | -3.93% | after close | after close | after close |
| PICK | -4.15% | +0.86% | base | -2.09% | after close | after close | after close |
| TLT | +1.21% | +1.27% | base | -1.49% | after close | after close | after close |
| NEM | +1.08% | +5.62% | base | -4.91% | after close | after close | after close |
| AEM | +1.57% | +7.96% | base | -4.10% | after close | after close | after close |
| FCX | -6.82% | +0.32% | base | -2.70% | after close | after close | after close |
| BHP | -4.23% | +0.99% | base | -1.86% | 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.
Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners Crux Investor
Source: Crux Investor
The price since 12 Nov 2026: Spdr Gold Trust (GLD) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| 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 |
| BHP Group (BHP) | that day | -1.86% | final price |
| BHP Group (BHP) | three days earlier | +0.99% | final price |
| BHP Group (BHP) | five days earlier | -4.23% | final price |
| Freeport-Mcmoran (FCX) | that day | -2.70% | final price |
| Freeport-Mcmoran (FCX) | three days earlier | +0.32% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | -6.82% | 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 Msci Global Metals & Mining (PICK) | that day | -2.09% | final price |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +0.86% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | -4.15% | 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 |
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
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” 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 “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- PICK Ishares Msci Global Metals & Mining
Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” 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
Newmont (NEM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” 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
Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” 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
- FCX Freeport-Mcmoran
Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners.” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
- BHP BHP Group
In “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners,” BHP Group (BHP) is linked, with no stored direction, medium confidence. Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
Spdr Gold Trust (GLD)
On 12 Nov 2026, “Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners” is the story that connects Spdr Gold Trust (GLD) to 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 in the story, and the Spdr Gold Trust (GLD) price range
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. PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72.
How strong the case is around Spdr Gold Trust (GLD)
46 out of 100
“Hot US Inflation Pulls Gold Lower as Fed Hike Bets Test Miners” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.