Gold slides below $4,050 as hot US CPI fuels Fed hike bets: Nov 12, 2026
Gold fell more than 2% to around $4,046 an ounce after October US headline and core CPI beat expectations, at one point trading below $4,000. The hot inflation data fueled bets on a December Federal Reserve rate hike, backed by Fed's Waller, alongside higher US yields, while one report noted Goldman cut its target. Separate data showed global central-bank purchases totalled over 321 tonnes in Q3, the fifth-largest quarterly purchase on record.
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Headlines (8)
Carried over from earlier days
- 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
- 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
- Gold falls below $4,100/oz on hot US inflation, hawkish Fed bets as Goldman cuts targetwallstreetcn.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| FOMC Member Hammack Speaks | USD | |
| Existing Home Sales | 3.89M | USD |
| FOMC Member Barr Speaks | USD | |
| Mortgage Delinquencies | USD | |
| FOMC Member Goolsbee Speaks | USD | |
| Crude Oil Inventories | -0.6M | USD |
| 30-y Bond Auction | USD | |