Prop firm news

Gold crashed to $3,852: down 4.5% for the week and a 13-month low

XAU/USD is closing the week down almost 4.5% and sits near $3,879 - the bottom in 13 months. Pressure comes from US Treasury yields at 5.15% and the dollar index at a 19-month high.

Goolsbee of the Fed: US inflation has moved beyond energy, dollar at its peak since April 2025

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said on Friday, November 13, on Ethereum CNBC that if data worsen, the Fed will act more aggressively on rates. The dollar thereby moved to a 19-month peak, gold lost more than 4% over the week.

Producer prices slowed their growth: US inflation at 6.5% year-on-year instead of the expected 6.6%

The US Bureau of Labor Statistics (BLS) published the producer price index (PPI) for October. Annual growth accelerated from 6.3% to 6.5%, but came in slightly below the forecast, while the monthly rate slowed sharply - from 1.3% to 0.3%.

Gold price fell below $4,000 per ounce: a December Fed rate hike is already priced in

XAU/USD fell to $3,985 per ounce - the second decline in a row. The trigger is October US inflation: after the report, futures price a Fed rate hike at the December meeting as a done deal.

Goolsbee ahead of US inflation data: service prices are accelerating not only because of tariffs

Austin Goolsbee, President of the Federal Reserve Bank of Chicago, said on Monday, November 9, that service price growth has been accelerating for several months. A day before the US inflation data, this is the most inconvenient argument for those expecting a rapid rate cut.

The rate after the Fed meeting remained at 3.75-4%, but two committee members voted for a hike

The decision was made by a vote of 10 to 2: Governor Lisa Cook and Cleveland Fed President Beth Hammack insisted on an immediate 0.25 percentage point increase. Six weeks earlier, the committee had made the same decision unanimously.