Gold Ends the Week Near a 13-Month Low After a Steep Weekly Loss — Precious Metals Daily Update, November 14, 2026

Precious metals ended the week under pressure on Saturday, November 14, 2026, with markets closed for the weekend after a steep weekly sell-off that left gold near a 13-month low. Gold held around US$3,883.45 / C$5,541.73 per ounce, up 0.16 percent in US dollars and up 0.25 percent in Canadian dollars on the latest session. Silver held around US$48.74 / C$69.55 per ounce, down 2.66 percent in US dollars and down 2.55 percent in Canadian dollars, while platinum held around US$1,492.20 / C$2,131.92 per ounce, down 2.00 percent in US dollars and down 1.74 percent in Canadian dollars. In the latest session gold ranged between US$3,867.80 and US$3,923.21 per ounce, silver ranged between US$48.49 and US$50.80 per ounce, and platinum ranged between US$1,487.99 and US$1,544.28 per ounce. Gold stabilised on Friday after Thursday’s slide to around US$3,852 per ounce, its lowest level since October 2025, but still finished the week down about 4.5 to 4.6 percent. External snapshots were close to Gold Stock Corp’s live feed, with Kitco putting spot gold near US$3,883.40 per ounce, up 0.18 percent, silver near US$48.63 per ounce, down 2.63 percent, and platinum near US$1,487 to US$1,497 per ounce. The week’s damage came from Tuesday’s hotter-than-expected October CPI and Friday’s producer price report, which rose 0.3 percent month over month against a 0.4 percent consensus, with the year over year rate at 6.5 percent. Futures pricing still put roughly a 89 to 90 percent chance on a 25 basis point December hike, with about a 10 to 11 percent chance on a larger 50 basis point move, while the 10-year Treasury yield held near 5.15 percent and the US dollar index held near 103.41, after a 19-month high near 103.42. For investors: Friday’s stabilisation is bargain hunting from a 13-month low, not yet a confirmed reversal. Gold remains below the US$4,000 level that has flipped from support to resistance, with near-term resistance first near US$3,903 to US$3,934 per ounce and support near the session low around US$3,868 per ounce and then near Thursday’s low around US$3,852 per ounce. With the December 8 to 9 meeting now priced mainly as a choice between a 25 basis point and a 50 basis point hike, next week’s retail sales and FOMC minutes will decide whether yields and the dollar ease enough for the bounce to extend. Staggered buying on pullbacks toward support, rather than chasing a weekend-thin rebound below US$4,000, remains the more disciplined approach for Gold Stock Corp customers. For jewelers: Canadian replacement costs were mixed at the weekend close, with gold near C$5,541.73 per ounce, silver near C$69.55 per ounce and platinum near C$2,131.92 per ounce. Gold is slightly higher in Canadian dollars, while silver and platinum are lower, so workshop costing depends on the metal in the order rather than a single move across the board. All three metals remain well below Monday’s levels after this week’s slide, which gives jewelers locking metal for confirmed holiday orders a cheaper entry than earlier in the week. With Canada’s October CPI due Monday morning, keeping trade and scrap buying aligned to live spot helps protect margins if prices move again at the reopen. Coming up — events that will move metals this week: Monday, November 16, 8:30 AM ET — Canada October CPI (September headline prior at 3.1 percent year over year) and the US New York Empire State manufacturing survey for November (consensus near 10, prior 25.5), with Federal Reserve Chair Warsh and New York Fed President John Williams also speaking during the day: Canada’s print sets Bank of Canada December pricing and the Canadian dollar leg of local bullion prices, while a strong US activity reading would support the firm growth and inflation story weighing on metals and a weak reading would ease it. Tuesday, November 17, 8:30 AM ET — US October retail sales (consensus near 0.2 percent month over month, prior 0.8 percent, with the control group consensus near 0.4 percent against 0.1 percent prior), with Nvidia earnings later in the day: consumer strength is central to the December hike debate, so a hot report would reinforce tightening bets and pressure metals, while a soft report would question them. Wednesday, November 18, 2:00 PM ET — Federal Reserve minutes of its October 27 to 28 meeting, when rates were held at 3.75 to 4.00 percent with dissents in favour of a hike: the minutes will show how seriously a larger December move was discussed, which moves December hike pricing, yields, the dollar and metals directly, even though they predate this week’s hot CPI. Thursday, November 19, 8:30 AM ET — US weekly jobless claims (prior reading 200,000) and the Philadelphia Fed manufacturing survey for November, with Canada September retail sales following on Friday, November 20, at 8:30 AM ET: claims are the next labour check after strong payrolls and hot inflation, so another low reading would keep the tightening story intact, while a jump would soften it. Live prices: https://www.goldstocklive.com