Gold Price Today (Nov 13, 2025): Spot Gold Holds Above $4,150 as U.S. Government Reopens; December Rate‑Cut Odds Cool

All prices in U.S. dollars per troy ounce unless noted.

At a glance (today, Nov 13):

Spot gold was recently around $4,152 in New York afternoon trade after touching a $4,245 intraday high, the strongest since Oct 21. U.S. December futures settled near $4,194. ^[1]
London (LBMA) PM fix was set at $4,234.30. ^[2]
Late-session backdrop: stocks slid, 10‑year U.S. Treasury yields ticked up near 4.12%, and the dollar index edged lower on the day—an uneasy mix for bullion. ^[3]
Silver fell about 2.3% to $52.18, platinum slipped to $1,569.65, and palladium to $1,419.75. ^[4]
India (MCX): front‑month gold hovered near ₹1,26,600 per 10g at a three‑week high in morning trade. ^[5]

What happened to gold today

Gold’s early rally faded as broad risk‑asset selling gripped U.S. markets. By mid‑afternoon New York, spot gold traded near $4,151.86, down about 1% from the session peak, while COMEX December futures settled at $4,194.50. Earlier, prices spiked to $4,244.94—the highest since late October—before profit‑taking emerged. ^[6]

In London, the LBMA PM benchmark came in at $4,234.30, underscoring how strong European hours were before the U.S. risk‑off swing. ^[7]

Late in the global session, spot gold was quoted back near $4,177 as yields and equities recalibrated, leaving bullion well above the $4,150 area into the close. ^[8]

The macro drivers in play

1) Washington reopened—now the data floodgates creak open.
President Donald Trump signed a stopgap funding bill ending the record 43‑day U.S. government shutdown, with operations funded through Jan 30. The reopening should gradually restore key economic reports, but officials caution some October data may never be produced—an uncertainty that keeps gold in focus. ^[9]

2) Rate‑cut hopes dimmed into the afternoon.
As traders reassessed December Fed odds, U.S. stocks logged their biggest drop in a month and Treasury yields firmed (10‑year near 4.123%). CME FedWatch probabilities for a cut slipped versus Wednesday, softening part of bullion’s intraday momentum. ^[10]

3) The dollar eased—but positioning was messy.
The dollar index dipped on the day (near 99.19 late), usually a tailwind for gold, yet the equity sell‑off and shifting rate expectations overshadowed the FX boost, leading to two‑way flows in bullion. ^[11]

Context: 2025’s golden surge

Gold remains one of 2025’s strongest major assets, up more than 60% year‑to‑date at recent peaks, after setting record highs above $4,300 in mid‑October on safe‑haven buying, central‑bank demand and aggressive rate‑cut bets. ^[12]

How the day unfolded across regions

Asia: During early Thursday trade, gold edged higher around $4,178 as investors weighed the implications of a government reopening and a delayed data calendar. ^[13]
Europe: The LBMA PM fix at $4,234.30 captured the broader risk‑on tone before U.S. hours turned choppy. ^[14]
U.S.: A broad sell‑off in equities and firmer yields saw gold cool from session highs; spot near $4,152 mid‑afternoon and futures settled $4,194.50. ^[15]

Other precious metals and ETFs

Silver underperformed, sliding 2.3% to $52.18, while platinum and palladium also retreated into the close—typical when broader risk sentiment sours and traders de‑risk across metals. ^[16]

India snapshot (MCX)

Indian futures mirrored the week’s global strength: gold opened around ₹1,26,600 per 10g, holding a three‑week high as traders parsed the U.S. policy outlook and awaited the resumption of American data. ^[17]

Key levels to watch

Immediate support:$4,150–$4,160 (New York afternoon prints). ^[18]
Near‑term resistance:$4,240–$4,245 (today’s intraday peak); a break reopens the $4,300+ zone seen in October’s record run. ^[19]
Benchmark anchors:LBMA fix $4,234.30 and Thursday’s COMEX settlement $4,194.50 frame the session. ^[20]

What’s next

With Washington back online, traders are bracing for a staggered return of key U.S. indicators (jobs, CPI, retail sales), though officials warn some October releases could be incomplete or canceled. That data uncertainty, plus ongoing Fed communications, will keep volatility elevated for gold into December policy meetings. ^[21]

Bottom line:
Gold finished the day resilient above $4,150 after an intraday push above $4,240. The U.S. re‑opening removes one layer of fog but replaces it with data‑timing uncertainty and tighter odds of a December rate cut—a tug‑of‑war that should keep bullion active around the $4,150–$4,250 band near term. ^[22]

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