Gold Price Today, November 13, 2026: Gold Edges Higher Ahead of PPI Data

Gold closed at $3,890.32 an ounce, up $8.36 or 0.22%, after trading between $3,874.30 and $3,924. The bounce is small and doesn't change the picture: gold is down 5.90% over the past week, down 11.39% year to date, and well below its 52-week high of $5,405.

Why gold moved

Real yields are the main headwind. The 10-year TIPS yield rose to 2.78% from 2.65% a week ago, while breakeven inflation slipped to 2.24%. When real yields climb, the opportunity cost of holding a metal that pays no interest goes up, and that tends to weigh on gold. The nominal 10-year Treasury yield is 4.98%, up 0.03 points on the week.

The dollar is also firmer. The broad trade-weighted index sat at 121.88 on the latest reading, up from 121.67 a week earlier, which makes gold more expensive for buyers holding other currencies. The effective fed funds rate is unchanged at 3.88%.

Positioning is still heavy but easing slightly. Managed-money traders held a net long of 103,614 contracts as of November 3, down 1,948 from the prior report. That data is nearly two weeks old, so treat it as background rather than a live signal.

Today's driver isn't clear from the numbers. Reuters described gold as edging higher while investors weighed the Nvidia CEO's exit, which is a risk-sentiment story rather than a gold-specific trigger. Investing.com argued that Fed rate-hike fears are a gold tailwind, but the fed funds rate hasn't moved, so that's commentary, not a new data point. FXStreet framed gold as struggling ahead of US PPI data. Those explanations don't agree, and a 0.22% move doesn't need a dramatic story. For more on the drivers, see why gold is moving.

What it means for buyers and sellers

Melt benchmarks per gram are $124.95 for 24K, $114.66 for 22K, $93.81 for 18K, $73.17 for 14K and $52.16 for 10K. These are melt-based figures before refining losses and dealer margins, so treat them as a reference point, not a guaranteed payout. The gold calculator runs your weight and karat through the same math, and the per-gram price page shows the full breakdown.

Compared with a week ago, melt values are roughly 6% lower. If you're comparing quotes or older price sheets, check the date on each one.

For coin buyers, spot sets the base for bullion coins and bars, and dealer premiums sit on top. Numismatic coins such as Morgan silver dollars are priced mainly by condition and rarity, so melt is only one input.

Silver is $49.97 an ounce, down 0.3%, and the gold-silver ratio is 77.8, meaning one ounce of gold buys about 78 ounces of silver. Platinum at $1,517 (down 0.13%) and palladium at $1,015 (up 1.7%) moved in opposite directions, so mixed-metal lots will show different intraday moves.

What to watch

One US release on this week's calendar is still ahead: PPI m/m at 8:30 a.m. ET today, forecast at 0.4% against 1.3% previously. Core PPI m/m, at the same time, is forecast at 0.3% after 0.7%. A reading above forecast would push real yields higher, the direction that has weighed on gold. A softer print would give yields room to ease. CPI, Fed Governor Waller's remarks and jobless claims all came out earlier this week, so they are already in the price.

Prices at publication