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Gold Prices Hit Over 1-Year Low Below 3,850 Dollars

Gold Prices Hit Over 1-Year Low Below 3,850 Dollars

Thansettakij•Economy•36m ago

Reader Briefing

Gold prices have declined for three consecutive days, reaching a low of 3,850 dollars on November 12, 2026.

  • •Gold prices hit a low of 3,850 dollars on November 12, 2026, marking the lowest point in over a year.
  • •The sell-off is driven by diminished hopes for a deal between the United States and Iran and rising US dollar strength.
  • •Market participants are monitoring the possibility of a 0.50% interest rate hike by the Federal Reserve in December.
  • •Sirilak Pakotiprapa suggests short-term traders trade rebounds quickly while long-term investors accumulate in the 3,800–3,850 dollar zone.

Overview

  • •On the evening of November 12, 2026, gold prices fell below 3,875 dollars to touch 3,850 dollars.
  • •Gold was sold off as the market lost hope that the United States and Iran would reach an agreement after Donald Trump took a hardline stance.
  • •The US dollar reached its highest level in approximately 19 months amid increased war concerns.
  • •Rising oil prices have increased market concerns regarding inflation and United States interest rate directions.
  • •The probability of the Federal Reserve raising interest rates by 0.50% in December has increased to approximately 14.5% after CPI rose 0.3%.
  • •Sirilak Pakotiprapa believes there is a higher chance of a 0.25% interest rate hike if the Federal Reserve acts in December.
  • •The market will monitor the US Producer Price Index (PPI), the ASEAN Summit, and the APEC meeting next week.
  • •Sirilak Pakotiprapa warns that if the Federal Reserve signals continued rate hikes next year, it will put further pressure on gold.

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Key Entities

Person

Sirilak Pakotiprapa(ศิริลักษณ์ ปโกฏิประภา)
Director of Analysis at Hua Seng Heng Gold Futures Company Limited.
Donald Trump(โดนัลด์ ทรัมป์)ℹ️
The President of the United States who has taken a hardline stance on the Iran agreement.

Organization

Hua Seng Heng Gold Futures Company Limited(บริษัท ฮั่วเซ่งเฮง โกลด์ ฟิวเจอร์ส จำกัด)
The company where Sirilak Pakotiprapa serves as Director of Analysis.
Thansettakij(ฐานเศรษฐกิจ)
The news organization to which Sirilak Pakotiprapa provided information.
Federal Reserve(ธนาคารกลางสหรัฐฯ)ℹ️
The central bank of the United States referred to as the Fed.
Fed(เฟด)
The abbreviated name for the Federal Reserve.

Place

United States(สหรัฐฯ)ℹ️
The country involved in potential agreements with Iran and the source of the US dollar.
Iran(อิหร่าน)ℹ️
The country the United States is expected to reach an agreement with.