{
  "id": 19604418,
  "title": "Gold struggles below $4,000 as Fed hike bets and Mideast risks lift USD to fresh YTD top",
  "url": "https://urgent.news/2026/11/12/gold-struggles-below-4-000-as-fed-hike-bets-and-mideast-risks-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T04:44:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-struggles-below-4-000-as-fed-hike-bets-and-mideast-risks-lift-usd-to-fresh-ytd-top-202611120444"
  },
  "original_language": "en",
  "account": "Gold prices struggled to stay above $4,000 on Thursday, hitting its lowest level in over a week. The US Dollar (USD) reached fresh year-to-date highs, buoyed by strong US consumer inflation data and the Federal Reserve's (Fed) anticipated rate hikes, as well as geopolitical tensions in the Middle East.\n\nEarlier this week, the October US Consumer Price Index (CPI) report signaled further tightening of the Fed's monetary policy. Several influential officials from the Federal Open Market Committee (FOMC) also expressed hawkish sentiments, increasing the likelihood of another rate hike in December. This optimistic outlook drove the yield on the 10-year US government bond above the 5% threshold, supporting the USD.\n\nRabobank analysts pointed out that the market had fully priced in a December rate hike, with no speculation that political forces would hinder the Fed's actions. The midterm elections in the US suggested less pressure from the White House, reinforcing the Fed's ability to proceed with its tightening agenda.\n\nMeanwhile, the ongoing US-Iran standoff over the Strait of Hormuz added to the geopolitical risks, with both nations striking nearby islands. This situation lifted the USD Index (DXY), which tracks the Greenback against a basket of currencies, pushing it to its highest level since April 2025.\n\nTraders anticipate key data releases, such as the Weekly Initial Jobless Claims report from the US and speeches from Fed officials. However, the gold price appeared more likely to decline, as resistance levels at $4,009 and $4,041 were looming overhead. The Moving Average Convergence Divergence (MACD) indicator turned marginally positive, but the Relative Strength Index (RSI) remained near 31, indicating potential stabilization rather than a decisive reversal.",
  "summary": "Gold (XAU/USD) remains under some selling pressure for the third straight day, trading below the $4,000 psychological mark during the Asian session, near its lowest level in more than one week, touched earlier this Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Dollar rises to 19-month high as Fed hike bets grow, yen softens",
        "url": "https://urgent.news/2026/11/12/dollar-rises-to-19-month-high-as-fed-hike-bets-grow-yen-softens",
        "published": "2026-11-12T00:05:12.000Z"
      },
      {
        "outlet": "Bloomberg",
        "title": "Gold Holds Below $4,000 as Market Looks Ahead to Fed Rate Hike",
        "url": "https://urgent.news/2026/11/12/gold-holds-below-4-000-as-market-looks-ahead-to-fed-rate-hike",
        "published": "2026-11-12T00:12:52.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Gold slips as strong US inflation data bolsters dollar, Fed hike expectations",
        "url": "https://urgent.news/2026/11/12/gold-slips-as-strong-us-inflation-data-bolsters-dollar-fed-hike",
        "published": "2026-11-12T00:56:46.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold falls below US$4,000 as traders assess inflation, Fed remarks",
        "url": "https://urgent.news/2026/11/12/gold-falls-below-us-4-000-as-traders-assess-inflation-fed-remarks",
        "published": "2026-11-12T02:04:54.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar rises to 19-month high as Fed hike bets grow, yen softens",
        "url": "https://urgent.news/2026/11/12/dollar-rises-to-19-month-high-as-fed-hike-bets-grow-yen-softens-19592657",
        "published": "2026-11-12T03:21:54.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar rises to 19-month high as Fed hike bets grow, yen softens",
        "url": "https://urgent.news/2026/11/12/dollar-rises-to-19-month-high-as-fed-hike-bets-grow-yen-softens-19596518",
        "published": "2026-11-12T03:39:56.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold falls to over one-week low on firm dollar, Fed rate hike bets",
        "url": "https://urgent.news/2026/11/12/gold-falls-to-over-one-week-low-on-firm-dollar-fed-rate-hike-bets",
        "published": "2026-11-12T05:02:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}