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Spot gold fell 0.7% to just above $4,000 an ounce after hitting $4,066 earlier in the session. The decline extended a selloff after October CPI rose 0.4%, above expectations, and markets priced at least a quarter-point December hike, with a 13.2% chance of a half-point move.
Growing odds of more aggressive Fed tightening strengthen the dollar and reduce gold's attractiveness, which points to weaker precious metals prices in the near term.
mining.com.auJackson ChenNov 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.
