# Gold, silver fall as expectations of December rate hike strengthen

> Gold and silver traded lower on Thursday after higher-than-expected US inflation raised expectations of a December Federal Reserve rate hike. Comex gold was near $3,990 an ounce and silver near $51.40. MCX December gold and silver futures in India also opened and traded lower.

- Date: 2026-11-12 · published 2026-11-12T06:13:18.694Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/95034-gold-silver-fall-as-expectations-of-december-rate-hike-strengthen
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger rate expectations tighten financial conditions and can lift the dollar, which tends to pressure dollar-denominated commodity prices. Precious metals have little direct link to feed supply or demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2018-02-01 | [Gold: Showing Strength Despite Rate-Hike Signals](https://feedsoft.ai/events/66406-gold-showing-strength-despite-rate-hike-signals.md) | +0.9% | +1.7% |

## Sources

- business-standard.com: https://www.business-standard.com/markets/commodities/gold-silver-fall-as-expectations-of-december-rate-hike-strengthen-126111200351_1.html

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