# Gold is falling on hot inflation, but can the Fed keep raising rates?

> October consumer prices rose 0.4%, above the 0.3% forecast, and core CPI rose 0.3%, above the 0.2% expectation. Energy and gasoline prices climbed further. A Money Metals Exchange commentator argued that government debt above $40 trillion could eventually force the Fed to cut rates despite persistent inflation.

- Date: 2026-11-13 · published 2026-11-13T03:12:52.751Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/97080-gold-is-falling-on-hot-inflation-but-can-the-fed-keep-raising-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent inflation and expectations of further Fed tightening are a headwind for precious metals and a support for the dollar. The commentary is opinion and does not change near-term supply or demand for agricultural commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-16 | [Fed has aggressive rate hike plan, but it could burn the economy fighting inflation](https://feedsoft.ai/events/42203-fed-has-aggressive-rate-hike-plan-but-it-could-burn-the-economy-fighting.md) | -1.0% | -0.7% |
| DXY | 2023-09-29 | [Peeling the Inflation Onion, Revisited](https://feedsoft.ai/events/34008-peeling-the-inflation-onion-revisited.md) | +1.1% | +0.9% |
| 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 | 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 | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/gold-is-falling-on-hot-inflation-but-can-the-fed-keep-raising-rates-202611130023

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