---
symbol: "GOLD"
name: "Gold"
date: 2026-11-13
change_pct: -2.344810253832626
direction: "down"
event_type: "macro_print"
url: "https://perplo.app/why/GOLD/2026-11-13"
updated_at: 2026-11-13T00:07:06.159Z
---

# Why Gold (GOLD) fell 2.34% on November 13, 2026

Gold (GOLD) fell 2.34% on November 13, 2026 — Stronger Fed hike bets lift dollar, sink gold.

## What happened

Precious metals sold off as a group, with the peer median down 2.3%, and gold led the drop as the dollar kept rising on surging bets for Fed rate hikes.

## Why it moved

Gold pays no yield, so higher real-rate expectations and a stronger dollar lower its relative appeal, and the sector sold off together on the same macro repricing.

## Why it matters

Within the Precious Metals theme, gold's rally was built on safe-haven demand tied to Iran risk. With tensions easing, that bid is fading, while industrial demand is still supporting silver.

## What would break the thesis

If Fed hike odds retreat or the dollar reverses, gold should rebound quickly. A renewed escalation in the Middle East could bring safe-haven buying back.

## Sources

- [Gold falls about 3% amid extended rise in the dollar on surging Fed rate hike bets](https://www.investing.com/news/commodities-news/gold-clings-below-4000-as-inflation-fears-fuel-bets-on-bigger-fed-hikes-5020139) — Investing.com
- [Gold tumbles $112 as sellers break below the late-October/early-November low](https://investinglive.com/commodities/gold-tumbles-112-as-sellers-break-below-the-late-october-early-november-low/) — ForexLive
- [SPOT GOLD EXTENDS LOSSES, DOWN 3% TO $3,866.08/OZ](https://t.me/marketfeed/1076473) — MarketFeed

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