MINING.COM(@mining):A hot CPI reading, hawkish Fed remarks and a US dollar rally to a near 19-month high are weighing on gold, according to Jim Wyckoff, market analyst at American Gold Exchange. Those factors “are working to press the gold market lower,” he told Reuters. The US 10-year Treasury yield is back above 5%, at 5.10%. Market snapshot: Gold (GCZ26): $3,878.90/oz, down 3.04% US 10-year yield (^TNX): 5.103%

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2026.11.12 18:44

A hot CPI reading, hawkish Fed remarks and a US dollar rally to a near 19-month high are weighing on gold, according to Jim Wyckoff, market analyst at American Gold Exchange. Those factors “are working to press the gold market lower,” he told Reuters. The US 10-year Treasury yield is back above 5%, at 5.10%. Market snapshot: Gold (GCZ26): $3,878.90/oz, down 3.04% US 10-year yield (^TNX): 5.103%

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