Crude oil strengthens, metals broadly decline, LME copper and LME aluminum lead losses, gold and silver plunge, NY gold falls below $3,900 [Overnight market] - Shanghai Metals Market

AI desk brief

COMEX gold fell 2.97% overnight, extending losses from the previous two sessions and trading below $3,900 to an intraday low of $3,856.7/oz, SMM reported on November 13, 2026. COMEX silver declined 3.94%, while the most-traded SHFE gold and silver contracts dropped 2.87% and 3.43%, respectively. The declines accompanied broad weakness in base metals, with LME copper down 1.53% and aluminum down 1.42%. The report provides no specific catalyst or flow evidence establishing whether the precious-metals selling would persist.