# Gold and Silver Plunge as Fed Rate-Hike Bets, Inflation Fears Weigh on Metals

> Gold and silver futures on India's MCX fell sharply after hotter-than-expected U.S. PCE inflation and solid GDP growth boosted expectations of a December Fed rate hike. Spot gold fell nearly 4% to $3,875.55 an ounce and spot silver dropped 6%.

- Date: 2026-11-01 · published 2026-11-01T18:14:16.834Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/30709-gold-and-silver-plunge-as-fed-rate-hike-bets-inflation-fears-weigh-on-metals
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher U.S. rates are supporting the dollar, which pressures dollar-priced commodities and can tighten financing for feed trade. Rising oil prices add cost pressure on the energy side.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |

## Sources

- finance.biggo.com: https://finance.biggo.com/news/7d995e6b-d73d-4665-8628-dc944869ba18

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.