# Gold steadies near $4,035 after sharp selloff as December Fed hike bets firm

> Gold steadied near $4,035 after dropping sharply following hotter-than-expected U.S. inflation data. Traders fully priced in a 25-basis-point Federal Reserve rate increase in December, and hawkish comments from officials added to expectations for tighter policy.

- Date: 2026-11-11 · published 2026-11-11T06:16:34.430Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/93067-gold-steadies-near-4-035-after-sharp-selloff-as-december-fed-hike-bets-firm
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher borrowing costs and a stronger dollar can weigh on dollar-denominated commodity prices, although the article does not identify a direct feed-commodity supply or demand change.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| DXY | 2021-05-12 | [Eurodollar futures price in Fed hike by December 2022 after inflation spike](https://feedsoft.ai/events/47286-eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike.md) | -0.1% | -0.3% |
| DXY | 2026-08-31 | [Dollar holds near two-week high as bets rise on September Fed rate hike \| Markets News - Business Standard](https://feedsoft.ai/events/18081-dollar-holds-near-two-week-high-as-bets-rise-on-september-fed-rate-hike-markets.md) | -0.6% | +1.6% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |
| 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% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/markets/commodities/articles/gold-steadies-near-4-035-012746424.html

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