# Bullion Takes A Hit: Gold Drops Over 2% As Hotter US CPI Lifts Dollar, Yields On Hawkish Fed Repricing

> U.S. October CPI rose 0.4%, above the 0.3% forecast, while core inflation also exceeded expectations. The data lifted the probability of a 50-basis-point Fed rate hike in December to about 13.6% from zero, and strengthened the dollar and Treasury yields as gold fell more than 2%.

- Date: 2026-11-10 · published 2026-11-10T18:14:46.466Z
- Category: macro · region United States · magnitude medium
- Page: https://feedsoft.ai/events/92094-bullion-takes-a-hit-gold-drops-over-2-as-hotter-us-cpi-lifts-dollar-yields-on
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and expectations of tighter monetary policy can weigh on dollar-denominated commodity prices. The report is supportive of the dollar and may add modest headwind to feed-commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2026-09-23 | [Gold, silver slammed as hawkish Fed repricing reignites dollar upside](https://feedsoft.ai/events/17389-gold-silver-slammed-as-hawkish-fed-repricing-reignites-dollar-upside.md) | +1.2% | +1.5% |
| DXY | 2025-05-07 | [Gold price drops over 2% after Fed hold, US-China tariff talks boost US Dollar](https://feedsoft.ai/events/24581-gold-price-drops-over-2-after-fed-hold-us-china-tariff-talks-boost-us-dollar.md) | +0.8% | -0.8% |
| 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% |
| 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% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/bullion-takes-a-hit-gold-drops-over-2-as-hotter-us-cpi-lifts-dollar-yields-on-hawkish-fed-repricing-12309619

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