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Gold prices today, Thursday, November 12, 2026: Prices open back under $4,000 as rate hikes crystallize Tim Manni · Thu, November 12, 2026 at 7:19 AM EST 3 min read Gold (GC=F) December futures opened at $3,994 per troy ounce on Thursday, November 12, 2026, down 1.2% from Wednesday's open. The price of gold fell further this morning to $3,951.70 as of 6:57 a.m. ET.
Gold prices opened back under $4,000 for the first time since last week as the dollar index (DX-Y.NYB) strengthened on expectations that the Fed will raise rates next month. The Fed is set to meet on December 8 and 9, and according to the CME Group's FedWatch tool, there's about a 90% chance it will raise interest rates by 25 basis points.
Furthermore, a recent Yahoo Finance article said even a 50-basis-point increase could be on the table.
Despite oil prices falling on optimism about peace progress in both Iran and Ukraine, the damage to prices has already been significant, and it's clear the Fed is looking to help markets recalibrate, which isn't a great sign for precious metal prices.
Learn more: Wall Street thinks the Fed made a 'mistake' — and now more hikes are coming
Gold futures opened down 1.2% on Thursday, November 12, 2026, compared with Wednesday'sopen. Here's a look at how the opening gold price has changed versus last week, month, and year:
For context, gold's year-over-year growth was 95.6% on Jan. 29.
24/7 gold price tracking: Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Whether you're tracking the price of gold since last month or last year, the price of gold chart below shows the precious metal's value journey so far this year.
Go deeper with AlphaSpace 3,950.40 -50.10 (-1.25%) As of 7:24:18 AM EST. Market Open. Gold IRA: What it is, how it works If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.
A gold IRA is a specialty form of self-directed IRA that's designed for gold and other precious metals.
The table below compares the main features of standard IRAs and gold IRAs.
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
Storage: Your gold must be held in an IRS-approved facility.
Asset types: A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion, silver coins, and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.
