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Gold slides below $4,050 as hot US CPI lifts Fed hike bets: Nov 11, 2026

Gold dropped over 2% to trade below $4,050 and later under $4,000 after October US headline and core inflation came in above expectations, with spot cited around $4,046 an ounce. The hot data fueled bets on a December Federal Reserve rate hike, backed by Fed's Waller and higher US yields, while central banks bought over 321 tonnes of gold in Q3 in the fifth-largest quarterly purchase on record.

Updated

The reading that day

NeutralAt the close of the UTC day.
BearishNeutralBullish

It changed 2 times during the day.

The day on the wire

00:0006:0012:0018:0024:00

The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.

The reading through the day

  • 00:00Neutral
  • 10:14Bullish
  • 10:29Neutral

Headlines (15)

First seen on November 11

Carried over from earlier days

Scheduled events

As of

EventForecastCurrency
Wednesday, November 11
Unemployment RateCHF
Bank HolidayUSD
Thursday, November 12
Unemployment Claims194KUSD
FOMC Member Hammack SpeaksUSD
Mortgage DelinquenciesUSD
FOMC Member Barr SpeaksUSD
Existing Home Sales3.89MUSD
FOMC Member Goolsbee SpeaksUSD

November 11 on other markets

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