Gold Falls and Silver Slides as Precious Metals Extend Losses — November 12, 2026

Precious metals fell sharply on Thursday, November 12, 2026, extending a three-day slide. In U.S. dollar terms, spot gold fell 2.78 percent from the previous close to $3,878.20 an ounce as of 11:16 AM ET, with silver down 2.76 percent to $50.37 and platinum down 1.13 percent to $1,523.55. In Canadian dollars, as of 11:56 AM ET, gold stood at C$5,534.94 an ounce, silver at C$71.53 an ounce, and platinum at C$2,180.03 an ounce on Gold Stock's live Canadian pricing. Against the previous close on that pricing, gold is down 2.61 percent from C$5,683.42, silver is down 2.84 percent from C$73.62, and platinum is down 0.63 percent from C$2,193.92. The selloff follows hotter-than-expected U.S. inflation — consumer prices rose 0.4 percent in October, with core prices up 0.3 percent, both above forecast — and hawkish Federal Reserve comments that lifted expectations of a December interest rate increase. The benchmark 10-year Treasury yield traded near 5.00 percent and the U.S. dollar held near its highest level since April 2025, pressuring metals priced in dollars. Weekly jobless claims rose to 200,000. Attention now turns to Friday's October producer price report, the next major test for the rate outlook. What it means for buyers: gold near C$5,535 an ounce and silver near C$71.53 an ounce are lower entry levels than the previous close, but a market moving this quickly can move again just as fast. Staging purchases in tranches rather than all at once is a measured way to build a position while volatility is high. Confirm the live price at the time of purchase, as intraday moves of this size change totals quickly. What it means for sellers: coins, bars, jewelry, and scrap are worth less than at the previous close after a drop of this size. Anyone considering a sale should lock in a live quote, since prices are moving quickly and there is no way to know how long any single level will hold. Gold Stock Corp serves customers across Canada from its three branches in Mississauga, Malton, and Vancouver, and online at goldstocklive.com. Walk-ins are welcome, and our team can quote live buying and selling prices on gold, silver, and platinum throughout the trading day. Live prices: https://www.goldstocklive.com