The New York gold price fell below $4,050 per ounce, and physical gold also turned downward in tandem. According to a report by PANews on November 14, spot gold and New York gold futures both plummeted consecutively, with declines of 2.96% and 3.45% respectively. US gold mining stocks also faced selling pressure during pre-market trading.

The shift to a stronger dollar and increased uncertainty in the financial markets are seen as pressure factors on the entire precious metals market. The decline in gold prices directly affects the profitability of mining companies, leading to a chain reaction of falling gold-related stocks. Selling pressure in the futures market centered around New York has also impacted the price levels of physical gold.