Gold holds near $4,100 as traders eye US CPI and Fed hike bets: Nov 10, 2026
Gold has traded around the $4,060 to $4,150 range as markets weigh rising bets on a December Fed rate hike against hopes for a US-Iran breakthrough. Strong US jobs data and comments from Fed's Waller backing a December hike weighed on spot prices, which at times fell to $4,096.27 and around $4,060 before retaking $4,100. Traders are now looking to the US CPI report for Fed rate cues, while Hong Kong gold stocks rallied as spot topped $4,120.
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (11)
First seen on November 10
- Gold declines below $4,150 as rising Fed hike expectations outweigh US-Iran deal hopesFXStreet
- Gold drifts lower as traders look to US CPI report for Fed rate cues amid Iran uncertaintyFXStreet
- Gold holds near recent highs as markets await US CPI and Iran breakthroughInvestingLive
- Spot gold falls 1% to $4,096.27/oz as Fed's Waller backs December hikegelonghui.com
Carried over from earlier days
- Democrats Sweep Congress — What Comes Next for Gold & Silver?Gold Eagle
- US adds 165,000 jobs in October, December hike bets jump to 80%wallstreetcn.com
- Gold falls to around $4,060/oz as strong US jobs data lifts December rate-hike betsflash.jin10.com
- Spot gold tops $4,120, up 1.22%, as Hong Kong gold stocks rally with Lingbao up over 6%gelonghui.com
- Gold retakes $4,100 Monday despite strong payrolls lifting December hike betsflash.jin10.com
- Dubai 24-karat gold hits Dh496.75 a gram after Diwaligulfnews.com
- Gold trades near $4,100 as focus turns to US inflation and Fed speechesFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 10 | ||
| SECO Consumer Climate | CHF | |
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 98.0 | USD |
| ADP Weekly Employment Change | USD | |
| CPI y/y | USD | |
| Core CPI y/y | USD | |
| Core CPI m/m | 0.2% | USD |
| CPI m/m | 0.3% | USD |