# Gold clings below $4,000 as inflation fears fuel bets on bigger Fed hikes

> Spot gold traded just below $4,000 an ounce after persistent inflation pressures and hawkish Fed commentary raised expectations of a December rate increase. Markets fully priced a 25-basis-point hike, with some investors considering a 50-basis-point move. Two-year Treasury yields rose sharply on the shift in rate expectations.

- Date: 2026-11-12 · published 2026-11-12T03:12:53.628Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/94849-gold-clings-below-4-000-as-inflation-fears-fuel-bets-on-bigger-fed-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected borrowing costs and a firmer dollar reduce gold's appeal, since bullion pays no interest, so the outlook for precious metals prices is weaker.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| 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 | 2021-12-02 | [Gold slides over 1% on bets hawkish Fed tilt may stem inflation \| Financial Post](https://feedsoft.ai/events/43493-gold-slides-over-1-on-bets-hawkish-fed-tilt-may-stem-inflation-financial-post.md) | -0.4% | -0.5% |
| DXY | 2022-02-10 | [Hot inflation fuels case for 'big-bang' Fed rate hike in March](https://feedsoft.ai/events/42644-hot-inflation-fuels-case-for-big-bang-fed-rate-hike-in-march.md) | -0.1% | +1.7% |
| DXY | 2022-02-09 | [Fed hopes economy is on cusp of inflation slowdown as rate hikes loom](https://feedsoft.ai/events/42646-fed-hopes-economy-is-on-cusp-of-inflation-slowdown-as-rate-hikes-loom.md) | -0.1% | +1.3% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/gold-clings-below-4000-as-inflation-fears-fuel-bets-on-bigger-fed-hikes-5020139

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