Gold Price Today: Spot Gold Drops 2.9% to $3,871.6 as Silver Falls 3.47% and Copper Slides
Spot gold fell 2.9% to $3,871.6 an ounce on Thursday while silver dropped 3.47% and copper lost 1.8%, as the US 10-year yield rose to 5.052% and Wall Street slipped.
Gold fell 2.9% to $3,871.6 an ounce on Thursday, one of the sharpest single-day drops among the major markets tracked this session, while silver lost 3.47% to $50.2 and copper slid 1.8%. The selling in metals came as US stocks edged lower and Bitcoin dropped 3.45%.
Spot gold had closed the previous session at $3,987.0, so the move took out a large slice of the metal's recent range in a single trading day. Silver, which tends to swing harder than gold in both directions, fell from $52.0 to $50.2. The gold and silver pages carry the live prices.
Metals sell off together
The weakness was not limited to precious metals. Copper, the industrial bellwether, dropped 1.8% to $6.177 a pound. Brent crude, by contrast, edged up 0.87% to $93.57 a barrel, and WTI was almost flat at $86.51, down 0.02%. Natural gas bucked the trend with a 2.71% gain to $3.302 per MMBtu.
That split matters. A drop confined to gold and silver would point to a shift in demand for safe havens. A slide that also pulls in copper suggests a broader move across metals, with energy trading on its own drivers.
Yields and the dollar firm
Two of gold's usual pressure points were moving the wrong way for the metal. The US 10-year Treasury yield rose 1.08% to 5.052%, a level that raises the opportunity cost of holding a non-yielding asset. The Dollar Index edged 0.11% higher to 103.02, and the dollar gained against the yen and the rupiah while slipping against the euro, sterling and the Australian dollar. The 10-year yield page tracks the benchmark through the session.
The Aussie dollar fell 0.56% to 0.6814 against the US dollar, a notable move for a currency with strong ties to commodity demand. EUR/USD eased 0.15% to 1.1073 and GBP/USD lost 0.24% to 1.3244. USD/JPY inched up 0.09% to 159.856, and USD/IDR rose 0.36% to 18,256.2.
Wall Street drifts lower
In New York, the S&P 500 was down 0.39% at 7,589.4, the Nasdaq had fallen 0.59% to 25,315.9, and the Dow Jones Industrial Average was off 0.1% at 52,435.7. The Russell 2000 of smaller companies lost 0.75%. Canada's S&P/TSX, which carries a heavy weighting in miners, fell 0.81%, and Brazil's Bovespa dropped 1.08%.
The VIX volatility gauge rose 4.29% to 18.24, higher but still well short of levels usually associated with stress. S&P 500 futures were 0.22% lower and Nasdaq 100 futures 0.49% lower, while Dow futures were up 0.07%.
Chip stocks were the exception to the weaker tone earlier in the week and again on Thursday's movers list. Among Nasdaq names, Arm Holdings jumped 12.05% to $203.36, Micron Technology gained 11.89% to $811.3 and Marvell Technology rose 9.33% to $168.8. On the NYSE, Oracle climbed 8.82% to $128.38. Microsoft was among the decliners, down 2.26% at $521.125, alongside Airbnb, which lost 3.09%.
Crypto follows metals lower
Bitcoin fell 3.45% to $71,378.7, Ethereum lost 2.59% to $2,000.36 and Solana slid 2.8% to $80.96. The simultaneous decline in digital assets and metals left few of the so-called alternative stores of value in positive territory on the day.
Europe and Asia
European shares were firmer. The FTSE 100 added 0.19% to 10,855.66, the DAX rose 0.33% to 26,750.46 and the CAC 40 gained 0.45% to 8,370. Earlier in Asia, the Nikkei 225 fell 0.7%, the Hang Seng lost 1.26% and the Shanghai Composite slipped 0.22%, while the ASX 200 closed 0.2% higher. Jakarta bucked the regional trend with the IHSG up 2.44% at 5,250.9, as covered on the IHSG page.
Among Australian stocks, the metals moves showed up in mining-linked names: PLS Group, the lithium producer, fell 4.52% to A$2.96 in the Sydney session, while Xero jumped 8.64% to A$76.98.
What to watch next
Traders will watch whether gold can steady near $3,871.6 or whether the slide extends into Friday's Asian session. The direction of the 10-year yield and the Dollar Index will be the first signals to check, along with copper for confirmation of a wider metals move.
On the corporate calendar, Applied Materials and Cisco report after the close in New York on Thursday. Next week brings PDD Holdings on November 16, Walt Disney, Home Depot and Nvidia on November 17, and Lowe's, Target and Palo Alto Networks on November 18.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| Gold (spot) | 3,871.59 | −115.44 | −2.90% |
| Brent | 93.57 | +0.81 | +0.87% |
| WTI | 86.51 | −0.02 | −0.02% |
| Silver | 50.20 | −1.80 | −3.47% |
| Copper | 6.177 | −0.113 | −1.80% |
| Natural Gas | 3.302 | +0.087 | +2.71% |
| USD/IDR | 18,256 | +65 | +0.36% |
| S&P 500 | 7,589.38 | −30.00 | −0.39% |
Data as of 12 Nov 2026, 22:05 WIB (15:05 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
