Loading…
Spot gold edged higher after a nearly 3% slide the previous session but gains were limited. Hotter-than-expected October US CPI data, up 0.4% against a 0.3% forecast, pushed traders toward a Federal Reserve rate hike in December.
The dollar rose to a four-week high and bets on a 50-basis-point hike climbed to 13.2%.
A stronger dollar and higher US rate expectations make dollar-priced commodities more expensive for foreign buyers and tend to weigh on commodity prices broadly. For feed buyers, a firmer dollar can ease import costs in local currency terms.
cnbc.comReutersNov 11, 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.
