# Gold Slips As Rising Oil Prices And Firm US Inflation Fuel New US Rate Hike Bets By Kedia Advisory

> Gold dropped 2.88% in Indian trading as crude oil rose and US September inflation came in stronger than expected, lifting the chance of a December Fed rate hike to about 75%. Analysts cut their 2026 gold forecast to $4,495 an ounce, while Goldman Sachs kept its end-2027 forecast at $5,400 and noted continued central bank buying.

- Date: 2026-11-02 · published 2026-11-02T12:12:12.592Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75416-gold-slips-as-rising-oil-prices-and-firm-us-inflation-fuel-new-us-rate-hike
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Firmer oil and expected higher US rates support the dollar and raise energy input costs, which tends to pressure dollar-priced grains and feed ingredients. Gold itself is not a feed commodity, so the direct effect on feed markets is limited.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-18 | [Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets](https://feedsoft.ai/events/20074-gold-tumbles-as-powell-s-inflation-concerns-dash-easing-bets.md) | -3.3% | -3.8% |
| WTI | 2018-01-13 | [Colombia peso boosted by weak dollar and rising oil prices - Colombia News](https://feedsoft.ai/events/67263-colombia-peso-boosted-by-weak-dollar-and-rising-oil-prices-colombia-news.md) | -1.0% | -7.6% |
| WTI | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | +2.2% | -10.9% |
| WTI | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.6% | +3.3% |
| WTI | 2020-12-23 | [Freight boom fuels shipping and oil prices](https://feedsoft.ai/events/49840-freight-boom-fuels-shipping-and-oil-prices.md) | +2.7% | +11.2% |
| 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 | 2026-07-28 | [Sterling slips as oil slides, US rate hike bets grow \| MarketScreener UK](https://feedsoft.ai/events/18614-sterling-slips-as-oil-slides-us-rate-hike-bets-grow-marketscreener-uk.md) | -0.9% | -2.0% |
| DXY | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | +0.3% | -1.0% |

## Sources

- in.investing.com: https://in.investing.com/news/commodities-news/gold-slips-as-rising-oil-prices-and-firm-us-inflation-fuel-new-us-rate-hike-bets-5670141
- businessworld.in: https://www.businessworld.in/article/gold-slips-below-4-000-as-oil-prices-us-inflation-fuel-fed-rate-hike-bets-631292

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