# Gold ticks higher on softer oil, but Fed’s 80% December hike odds cap gain

> Gold edged higher in Asian trading as softer oil prices eased inflation concerns, while strong U.S. payrolls lifted the perceived chance of a December Federal Reserve rate increase to about 80%. Developments in the Iran conflict and upcoming U.S. inflation data were also in focus.

- Date: 2026-11-09 · published 2026-11-09T03:15:23.647Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/88635-gold-ticks-higher-on-softer-oil-but-fed-s-80-december-hike-odds-cap-gain
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices can ease inflation and rate pressure, while stronger rate expectations tend to support the dollar and weigh on dollar-priced commodities. The story describes cross-market influences rather than a direct feed-commodity supply or demand change.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-05-04 | [Outlook on gold as it hits record high, while USD and oil fall after Fed decision \| IG International](https://feedsoft.ai/events/35838-outlook-on-gold-as-it-hits-record-high-while-usd-and-oil-fall-after-fed.md) | +5.7% | +2.2% |
| WTI | 2023-02-01 | [Canadian dollar posts 2½-month high as stocks rally after Fed rate hike - The Globe and Mail](https://feedsoft.ai/events/37580-canadian-dollar-posts-21-2-month-high-as-stocks-rally-after-fed-rate-hike-the.md) | -2.2% | -1.7% |
| WTI | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -5.3% | +15.5% |
| WTI | 2021-12-02 | [BUZZ COMMENT-Oil and Fed should define next year's FX trends](https://feedsoft.ai/events/43490-buzz-comment-oil-and-fed-should-define-next-year-s-fx-trends.md) | +10.6% | +17.4% |
| WTI | 2020-09-29 | [Canadian Dollar Slides on Higher Producer Prices, Crashing Oil Prices](https://feedsoft.ai/events/51350-canadian-dollar-slides-on-higher-producer-prices-crashing-oil-prices.md) | -3.4% | -5.1% |
| DXY | 2022-12-15 | [Gold broods over Fed's higher-for-longer rate hike stance](https://feedsoft.ai/events/38157-gold-broods-over-fed-s-higher-for-longer-rate-hike-stance.md) | +0.4% | -2.2% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2023-09-21 | [Gold retreats on Fed's higher-for-longer stance](https://feedsoft.ai/events/34007-gold-retreats-on-fed-s-higher-for-longer-stance.md) | +1.7% | +2.3% |

## Sources

- investinglive.com: https://investinglive.com/commodities/gold-ticks-higher-on-softer-oil-but-fed-s-80-december-hike-odds-cap-gain/

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