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Gold reversed earlier gains and traded near $4,016 after falling 2.67% the previous day. The drop followed October US CPI that rose 0.4% month-on-month, above forecast, and hawkish Fed remarks, with markets fully pricing a December hike.
A broadly stronger dollar weighed on the metal.
Stronger inflation data and firmer rate-hike bets lift the dollar and lower the appeal of non-yielding gold, keeping near-term price pressure to the downside.
fxstreet.comVishal ChaturvediNov 11, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
