# Gold slips following hotter-than-expected jobs report, but on pace for weekly gain

> U.S. nonfarm payrolls rose by 165,000 in October, well above expectations of 65,000, while the unemployment rate fell. The stronger labor data increased market expectations of a Federal Reserve rate hike in December, and a firmer dollar contributed to gold's decline.

- Date: 2026-11-06 · published 2026-11-06T18:28:17.873Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/84676-gold-slips-following-hotter-than-expected-jobs-report-but-on-pace-for-weekly
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher rate expectations and a stronger dollar can support the dollar and weigh on dollar-denominated commodity prices, though the article reports no direct change in feed-market supply or demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.5% | +0.4% |
| DXY | 2022-11-18 | [Gold falls on Fed rate hike prospects, on track for weekly dip \| Reuters](https://feedsoft.ai/events/38592-gold-falls-on-fed-rate-hike-prospects-on-track-for-weekly-dip-reuters.md) | -0.5% | -1.1% |
| DXY | 2023-08-03 | [Dollar Could Gain If Fed Cuts Start Later Than Expected](https://feedsoft.ai/events/34835-dollar-could-gain-if-fed-cuts-start-later-than-expected.md) | +0.3% | +0.6% |
| DXY | 2024-08-30 | [Sterling steady but heads for weekly fall on dollar strength \| Reuters](https://feedsoft.ai/events/29065-sterling-steady-but-heads-for-weekly-fall-on-dollar-strength-reuters.md) | +0.2% | -0.9% |
| DXY | 2018-04-27 | [Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine](https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the.md) | +0.7% | +1.9% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/gold-heads-for-best-week-since-august-as-us-political-shift-lifts-bonds-5006271

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