# Gold price extends decline as Fed rate hike bets grow

> 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.

- Date: 2026-11-11 · published 2026-11-12T03:12:53.974Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/94854-gold-price-extends-decline-as-fed-rate-hike-bets-grow
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## 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 | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |

## Sources

- mining.com.au: https://mining.com.au/gold-price-extends-decline-as-fed-rate-hike-bets-grow/

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