# Gold drops 2% as US CPI tops forecasts, strengthening December Fed rate hike bets

> U.S. October CPI increased 0.4% month over month, while core CPI rose 0.3%; both readings exceeded forecasts. The data strengthened expectations of a December Fed rate increase, the dollar rose, and gold fell about 2.2%.

- Date: 2026-11-10 · published 2026-11-10T15:16:36.029Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/91967-gold-drops-2-as-us-cpi-tops-forecasts-strengthening-december-fed-rate-hike-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher expected rates can pressure dollar-priced commodities, though the article identifies no direct feed-market supply or demand change.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-23 | [Dollar Hits Highest Since November as Fed Rate Hike Bets Strengthen - Bloomberg](https://feedsoft.ai/events/11990-dollar-hits-highest-since-november-as-fed-rate-hike-bets-strengthen-bloomberg.md) | +0.3% | +0.0% |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2024-10-25 | [US dollar forecast to continue strengthening against dong](https://feedsoft.ai/events/28167-us-dollar-forecast-to-continue-strengthening-against-dong.md) | +0.2% | +2.4% |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2026-09-24 | [Japanese Yen struggles as Fed rate hike bets drive US yields higher](https://feedsoft.ai/events/17708-japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher.md) | +0.7% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-falls-over-1-as-hawkish-fed-remarks-weigh-ahead-of-us-cpi-202611101046

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