Gold Price Forecast: XAU/USD Rebounds From $3,852 Ahead of PPI and Weekly Close

Spot gold (XAU/USD) is trading near $3,914 in Friday's Asian session, November 13, after bouncing from Thursday's low of $3,852, its lowest level since October 2025.

Thursday’s 2.8% drop came as Trump turned away from an Iran deal, oil jumped and the 10-year Treasury yield climbed above 5.10%.

The level that matters is $3,903, with US PPI data at 13:30 GMT set to decide the weekly close.

Spot gold fell about 2.8% to near $3,876 on Thursday, after touching $3,852.10.

Brent, the global oil benchmark, jumped about 3.3% to $95.82, and WTI rose about 2.6% to $88.74.

The 10-year Treasury yield, the interest the US government pays to borrow for 10 years, rose to about 5.10%, and the 2-year climbed to about 4.86%.

In yesterday’s forecast , I said a break below the $3,969 demand zone would target $3,920 and $3,872.

Spot gold rose 1% to $3,915.31 by 0322 GMT, Reuters reported, while US December gold futures, contracts to buy gold at a fixed price in December, gained 0.9% to $3,919.60.

On the 4-hour chart, gold trades at $3,913.58, down 0.05%, after bouncing from $3,852.58.

A 4-hour close above $3,934.31 targets $3,960, then $3,985, while a break below $3,852 opens $3,820.

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