# Gold dives below $4,100 as blowout NFP underpins Fed hike odds

> U.S. nonfarm payrolls rose by 165,000, above the 65,000 forecast, while unemployment declined to 4.1%. The stronger-than-expected employment report lifted market expectations of a December Federal Reserve rate hike and supported the U.S. dollar, while gold fell nearly 1%.

- Date: 2026-11-06 · published 2026-11-06T19:07:06.829Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/84822-gold-dives-below-4-100-as-blowout-nfp-underpins-fed-hike-odds
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger U.S. data and rising rate expectations supported the dollar, a headwind for dollar-priced commodities. The report does not identify a direct feed-commodity supply or demand effect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-06-17 | [Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026  \| Kitco News](https://feedsoft.ai/events/18715-gold-drops-below-4-300-oz-as-fed-votes-12-0-in-favor-of-rate-hold-but-nearly.md) | +1.8% | +0.9% |
| DXY | 2026-08-31 | [Thai Baht, Indonesian Rupiah Under Pressure as Fed Hike Odds Climb](https://feedsoft.ai/events/18172-thai-baht-indonesian-rupiah-under-pressure-as-fed-hike-odds-climb.md) | -0.6% | +1.6% |
| DXY | 2017-01-19 | [Gold under pressure as Fed's Yellen backs gradual rate hikes \| Reuters](https://feedsoft.ai/events/72903-gold-under-pressure-as-fed-s-yellen-backs-gradual-rate-hikes-reuters.md) | -0.4% | -1.5% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-dives-below-4-100-as-blowout-nfp-underpins-fed-hike-odds-202611061839

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