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Gold fell 2.2% after October U.S. CPI exceeded expectations, with headline inflation up 0.4% and core inflation up 0.3% month over month. Fed Governor Christopher Waller backed a December rate increase and said a half-point move could be appropriate if inflation remained hot, helping push markets to price in a hike and strengthening the dollar.
Expectations of higher U.S. rates and a stronger dollar can weigh on dollar-priced commodities by increasing their cost to international buyers.
investing.comInvesting.comNov 10, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
