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
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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
- US October CPI rises 0.4% topping estimates, traders hold December Fed hike bets at 100%cls.cn
- CICC Wealth Futures: Market reprices December 50bp hike after hot October CPI, gold pulls backgelonghui.com
- Gold challenges the Fed's hawkish rate outlookhome.saxo
- Global central banks bought over 321 tonnes of gold in Q3, fifth-largest quarterly purchase on recordgelonghui.com
- Gold falls 0.8% below $4,000/oz as hot US inflation fuels December Fed hike betsgelonghui.com
- Gold drifts below $4,000 as high US yields fuel December Fed hike oddsFXStreet
Carried over from earlier days
- 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 drifts lower as traders look to US CPI report for Fed rate cues amid Iran uncertaintyFXStreet
- Spot gold falls 1% to $4,096.27/oz as Fed's Waller backs December hikegelonghui.com
- US Oct headline, core CPI beat views; spot gold dives over $30 to $4,046/oz, silver down over 3%flash.jin10.com
- Gold plunges over 2% as US inflation exceeds expectationsaa.com.tr
- Gold extends losses below $4,050 as hot US inflation fuels Fed rate-hike betsgelonghui.com
- Gold crashes toward $4,000 as hot US inflation sends Treasury yields above 5%FXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Unemployment Rate | CHF | |
| Bank Holiday | USD | |
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| FOMC Member Hammack Speaks | USD | |
| Mortgage Delinquencies | USD | |
| FOMC Member Barr Speaks | USD | |
| Existing Home Sales | 3.89M | USD |
| FOMC Member Goolsbee Speaks | USD | |