# Gold falls below $4,000 as dollar surges, Fed hike bets rise

> Spot gold fell below $4,000 an ounce in late US trading on Wednesday as the dollar strengthened and expectations for further Fed rate increases rose. The decline followed Tuesday's hotter-than-expected CPI report, which showed headline inflation up 0.4% and core up 0.3%. Silver was modestly higher.

- Date: 2026-11-11 · published 2026-11-12T00:15:38.966Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/94450-gold-falls-below-4-000-as-dollar-surges-fed-hike-bets-rise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rate expectations and a stronger dollar reduce demand for non-yielding assets and lift the dollar's value against trade currencies. Feed buyers outside the US may see import costs shift as currency values move.

## 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 | 2017-05-09 | [Dollar Surges Broadly as Markets Raising Bets on June Fed Hike - ActionForex](https://feedsoft.ai/events/71189-dollar-surges-broadly-as-markets-raising-bets-on-june-fed-hike-actionforex.md) | -0.6% | -2.1% |
| DXY | 2022-07-06 | [Dollar rally saps gold's appeal as more Fed hikes loom](https://feedsoft.ai/events/40394-dollar-rally-saps-gold-s-appeal-as-more-fed-hikes-loom.md) | +0.7% | -0.5% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |

## Sources

- kitco.com: https://www.kitco.com/news/article/2026-11-11/gold-falls-below-4000-dollar-surges-fed-hike-bets-rise-kitco-pm-report

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