# Gold prices fall as blowout U.S. jobs report boosts Fed rate hike bets

> U.S. nonfarm payrolls increased by 165,000 in October, well above the 65,000 consensus, while unemployment fell to 4.1%. The stronger labor-market data lifted expectations for another Federal Reserve rate increase and coincided with a stronger dollar; gold fell on Friday but remained higher for the week.

- Date: 2026-11-06 · published 2026-11-07T00:19:33.368Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/85122-gold-prices-fall-as-blowout-u-s-jobs-report-boosts-fed-rate-hike-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rate-hike expectations and dollar strength tend to weigh on dollar-priced commodities, though the article provides no direct feed-commodity supply or demand change.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |
| 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 | 2023-01-05 | [Colombian peso hits 6-week low as U.S. data boosts Fed hike bets](https://feedsoft.ai/events/38077-colombian-peso-hits-6-week-low-as-u-s-data-boosts-fed-hike-bets.md) | -1.1% | -2.6% |
| 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% |

## Sources

- au.finance.yahoo.com: https://au.finance.yahoo.com/news/gold-prices-fall-blowout-u-020411668.html
- in.investing.com: https://in.investing.com/news/commodities-news/gold-heads-for-best-week-since-august-as-us-political-shift-lifts-bonds-5685423

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