# US jobs data push gold lower as December rate bets rise

> Stronger-than-expected US October hiring and a lower unemployment rate lifted the dollar and Treasury yields. Traders raised the implied probability of a Federal Reserve rate increase in December to 81%.

- Date: 2026-11-06 · published 2026-11-07T21:13:28.811Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/86558-us-jobs-data-push-gold-lower-as-december-rate-bets-rise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar can raise the cost of dollar-denominated commodities for buyers using other currencies, while higher rates may weigh on demand. The report supported the dollar, though it does not directly signal a feed-commodity supply change.

## 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 | 2024-02-02 | [Dollar (USD) Hits Near Pre-Pivot Level as Job Data Roils Rate-Cut Bets - Bloomberg](https://feedsoft.ai/events/31872-dollar-usd-hits-near-pre-pivot-level-as-job-data-roils-rate-cut-bets-bloomberg.md) | +0.6% | +0.6% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2023-05-01 | [US dollar edges higher as GDP, jobless claims affirm rate hike bets](https://feedsoft.ai/events/36302-us-dollar-edges-higher-as-gdp-jobless-claims-affirm-rate-hike-bets.md) | -0.6% | +1.2% |
| DXY | 2019-08-01 | [Gold prices slip to two-week low as US Fed dashes hopes of more rate cuts](https://feedsoft.ai/events/57513-gold-prices-slip-to-two-week-low-as-us-fed-dashes-hopes-of-more-rate-cuts.md) | +1.1% | +2.1% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/trading-investment/40073208

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