# Gold falls as hot inflation figures, higher dollar weigh

> 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%.

- Date: 2026-11-11 · published 2026-11-12T00:15:38.821Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/94448-gold-falls-as-hot-inflation-figures-higher-dollar-weigh
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |
| DXY | 2023-12-20 | [Dollar higher as big UK inflation drop hits pound](https://feedsoft.ai/events/32948-dollar-higher-as-big-uk-inflation-drop-hits-pound.md) | -0.8% | +1.0% |
| DXY | 2026-05-19 | [Treasury yields, dollar weigh on gold amid inflation concerns](https://feedsoft.ai/events/19168-treasury-yields-dollar-weigh-on-gold-amid-inflation-concerns.md) | +0.1% | +0.2% |
| 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 | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | +0.6% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/11/11/gold-edges-higher-after-sharp-selloff-fed-hike-bets-weigh.html

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