Gold settled near $4,000 as cash Treasuries paused for Veterans Day
The 11 November New York gold recap tracks the December settlement, an afternoon spot quote and a firmer dollar, with Treasury yields dated to the previous session.
New York session reviewed: 2026-11-11
Published
Editorial cutoff · Gabriel Nicolaev — CyGuru
The five-question brief
What happened?
Wednesday, 11 November 2026 was the latest completed New York gold session reviewed. Reuters reported December gold at $4,000.50 at settlement and spot at $3,986.79 at 18:51 UTC. The official Treasury curves still ended on 10 November.
What explains it?
The article below separates verified releases from conditional interpretations. A headline alone does not establish the cause of a price move.
What is still missing?
The final spot close, intraday OHLC export and independent exchange settlement file were unavailable. The settlement chart uses two Reuters-reported December futures marks. No synchronized late-session Treasury yield, signal outcome or broker execution is inferred.
What could change the reading?
Contradictory observations over matching timestamps, revised source data or failed follow-through can weaken an interpretation. An explanation must be reconsidered when its required evidence is absent.
What will I watch?
Watch the first fresh Treasury curve observations after the holiday. October PPI is scheduled for Friday, 13 November at 13:30 UTC / 17:30 Dubai.
Wednesday, 11 November 2026 was the latest completed New York gold session reviewed. Reuters reported December gold at $4,000.50 at settlement and spot at $3,986.79 at 18:51 UTC. The official Treasury curves still ended on 10 November.
Gold reversed its earlier recovery
Gold traded in New York on 11 November while much of the U.S. dollar fixed-income market observed Veterans Day. CME’s notice kept normal settlement times for COMEX and its other exchanges. Reuters’ early report had spot at $4,055.00 by 11:22 UTC. Its later dispatch put spot at $3,986.79 by 18:51 UTC (13:51 New York), down 1.1%, after a reported high of $4,066.77. The two spot observations show how much the early recovery gave back. The later quote was still an afternoon observation.
What the settlement comparison measures
Reuters reported December gold futures settling at $4,000.50, against $4,030.20 on 10 November. That is $29.70 per troy ounce lower, approximately 0.74% by direct comparison. The chart keeps the contract month fixed. The exchange’s holiday notice establishes the settlement schedule, while Reuters supplies the prices. A final spot quote and full intraday OHLC series were unavailable, so the chart plots the two dated settlements without reconstructing the path between them.
The dollar moved while the official yield record paused
Reuters’ 11 November currency dispatch put DXY at 102.90, up 0.68%, and reported a high dating back to April 2025. The dispatch does not give an exact clock time for that observation. It cannot be synchronized to the 18:51 UTC spot print. FRED’s broad trade-weighted index is a different series and still shows 121.8803 for 6 November, updated on 9 November at 21:16 UTC. Its lagged reading cannot describe Wednesday’s currency move.
Carry Tuesday’s yields forward with their dates attached
SIFMA recommended a full Veterans Day closure for specified U.S. dollar fixed-income markets. The latest U.S. Treasury daily curves available at the cutoff were for 10 November. The ten-year nominal par rate was 4.98%, up 10 basis points from 9 November, and the ten-year real par rate was 2.78%, up 12 basis points from 9 November. Those moves belong to Tuesday. Gold Today keeps both observation dates and the comparison date visible alongside the separate provider widget.
How the holiday complicates attribution
The BLS release at 13:30 UTC on 10 November showed October CPI up 0.4% month on month and core CPI up 0.3%, seasonally adjusted. That release was already public before Wednesday’s trading. Wednesday’s gold decline and stronger DXY are consistent with continued attention to the policy path. The missing comparable cash-yield print limits what can be said about how much of the move came from rates, currency or other flows. The holiday calendar alone supplies no evidence about gold volume, order-book depth or forced selling.
What to watch when the calendars line up again
Use the next dated nominal and real Treasury curves to test whether the dollar move and the rate backdrop still point in the same direction. A firmer dollar alongside softer real yields would make a one-factor explanation less persuasive. On Friday, BLS schedules October PPI for 08:30 New York, 13:30 UTC and 17:30 Dubai. Separate the published details from the market’s reaction, then compare the same gold instrument and time window before and after the release. These observations are for market review. Broker fills, costs, trading outcomes and P&L remain unverified.
Sources and observation times
- Reuters · 11 November gold report · spot at 18:51 UTC and December settlement ↗
- Reuters · 10 November gold report · prior December settlement ↗
- Reuters via Kitco · 11 November gold report · spot at 11:22 UTC ↗
- Reuters · 11 November currency dispatch · DXY observation time unspecified ↗
- CME Group · 11 November Veterans Day settlement notice ↗
- SIFMA · 28 October fixed-income closure recommendation for 11 November ↗
- U.S. Treasury · daily nominal par curves, 9 and 10 November ↗
- U.S. Treasury · daily real par curves, 9 and 10 November ↗
- Federal Reserve via FRED · broad dollar observation for 6 November ↗
- BLS · October CPI release, 10 November at 13:30 UTC ↗
- BLS · November release calendar, including 13 November PPI ↗
Sources checked for this edition at the editorial cutoff above. Provider observation times remain separate from publication time. Linked statistical pages may later display revised data.
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Educational editorial analysis, not a trade recommendation. This archived edition does not update with later announcements.