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Gold prices may drop to $3,200 as Fed rate hikes strengthen the dollar and pressure the market lower.

Market News
13 Nov 2026, 23:03 WIB
Kitco
View Source
Bearish
Gold prices may drop to $3,200 as Fed rate hikes strengthen the dollar and pressure the market lower.

Gold prices face a downward trend as aggressive Federal Reserve rate hikes strengthen the US dollar, potentially pushing gold down to $3,200 per ounce, says Daniel Pavilonis of StoneX Group. Despite some short-term bounces, the market lacks strong buying narratives seen in previous years, and traders are advised to sell into rallies. The possibility of a 50-basis-point rate hike in December is not fully priced in, which could trigger a sharp decline in gold prices. Long-term bullishness remains, but near-term gold is expected to stay range-bound or decline until clearer market direction emerges.

Gold price outlook is discussed amid Pluang's market snapshot as of Nov 14, 2026 03:01 WIB: Among 150 US stocks priced on Pluang, 80 rose and 69 fell today. Notable movers include IQIYI Inc (IQ) down 6.95% at USD 0.83 with 100% buy order activity, Cisco Systems Inc (CSCO) down 6.34% at USD 95.54 with 73% buy orders, and FuelCell Energy Inc (FCEL) down 6.24% at USD 9.61 with 91% buy orders. This contrasts with the mixed breadth and strong buy interest despite price declines.

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