# Gold drops 1% on hawkish Fed comments ahead of US inflation data

> Gold fell more than 1% after Federal Reserve Governor Christopher Waller advocated a December rate increase, even if inflation data showed cooling, and said a larger hike could be considered if inflation worsened. Traders priced in a near-certain December increase ahead of the US consumer price report, while the dollar steadied and short-term Treasury yields rose.

- Date: 2026-11-10 · published 2026-11-10T12:15:13.966Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/91667-gold-drops-1-on-hawkish-fed-comments-ahead-of-us-inflation-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected interest rates and a firmer dollar can weigh on non-yielding gold. The article does not indicate a direct supply or demand effect on feed or agricultural commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-30 | [AUD range bound ahead of key inflation data and Fed policy update - OFX (NZ)](https://feedsoft.ai/events/32399-aud-range-bound-ahead-of-key-inflation-data-and-fed-policy-update-ofx-nz.md) | +0.4% | +0.1% |
| DXY | 2024-06-25 | [US dollar advances after hawkish Fed comment, economic data \| Reuters](https://feedsoft.ai/events/29634-us-dollar-advances-after-hawkish-fed-comment-economic-data-reuters.md) | +0.6% | -0.3% |
| DXY | 2026-08-27 | [Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole](https://feedsoft.ai/events/18100-euro-retreats-below-1-1650-as-inflation-data-buoys-us-dollar-ahead-of-jackson.md) | +0.1% | +1.8% |
| DXY | 2023-08-31 | [USD/CAD delivers modest recovery ahead of core PCE Inflation data — Octa](https://feedsoft.ai/events/34817-usd-cad-delivers-modest-recovery-ahead-of-core-pce-inflation-data-octa.md) | +1.8% | +2.3% |
| DXY | 2024-08-30 | [Gold drops as dollar, yields firm after US inflation report](https://feedsoft.ai/events/28689-gold-drops-as-dollar-yields-firm-after-us-inflation-report.md) | +0.2% | -0.9% |

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/gold-drops-1-on-hawkish-fed-comments-ahead-of-us-inflation-data
- kitco.com: https://www.kitco.com/news/off-the-wire/2026-11-10/gold-drops-1-hawkish-fed-comments-ahead-us-inflation-data

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