Market update: USO ETF leads gains while GLD ETF posts largest decline

Where prices stand

The USO ETF rose 3.22% from the prior close to $146.03, the largest move among tracked markets. The GLD ETF fell 2.53% from the prior close to $355.93. The UUP ETF rose 0.27% from the prior close to $29.43. The SPY ETF fell 0.26% from the prior close to $757.81, as of Nov 12, 20:00 UTC.

Trend check

WTI Crude Oil shows a neutral status with RSI(14) 47.3; its close is 99.64 versus a 50-day SMA of 98.25 and a long SMA of 88.71. Trend data for the other tracked instruments was not provided in the available technical signals.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 11, 22:40 UTC); it is not a recommendation.

In the news

The Federal Reserve announced pricing, effective January 1, 2027, for payment services the Federal Reserve Banks provide to banks and credit unions, Federal Reserve reported. The Federal Reserve also issued a revised tentative schedule of Federal Open Market Committee meetings in 2027 and an enforcement action involving a former employee of United Community Bank, Federal Reserve reported, and CNBC reported that the Fed said its October 2027 meeting will not see a vote on interest rates.

• Federal Reserve Board announces pricing, effective January 1, 2027, for payment services the Federal Reserve Banks provide to banks and credit unions, and changes to streamline and adjust their check services — Federal Reserve, Nov 12, 18:30 UTC
• Federal Reserve announces revised tentative schedule of Federal Open Market Committee meetings in 2027 — Federal Reserve, Nov 12, 17:45 UTC
• Federal Reserve Board issues enforcement action with former employee of United Community Bank — Federal Reserve, Nov 12, 16:00 UTC
• In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates — CNBC, Nov 12, 18:11 UTC

What to watch

The Producer Price Index is scheduled Fri Nov 13, 13:30 UTC for the United States; the item is listed as a medium-importance macro release and is sourced to bls.

• Fri Nov 13, 13:30 UTC — Producer Price Index (US) (source)

Sources and data

• Federal Reserve (primary source) — Federal Reserve Board announces pricing, effective January 1, 2027, for payment services the Federal Reserve Banks provide to banks and cred
• CNBC (secondary source) — In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 12, 20:00 UTC; report generated Nov 12, 20:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.