Kitco
10 Nov 2026, 13:51 UTC · 1d ago
Gold prices down 2% on the day as US CPI rises more than expected
Impact · against what's priced in
Higher-than-expected CPI data increases the probability of aggressive Fed rate hikes, creating a headwind for gold prices. This macroeconomic pressure offsets the company's recent positive operational updates regarding Q3 earnings and production.
- GOLD−0.50
No priced-in read yet
- In context
US CPI rose 0.4% (forecast 0.3%) and Core CPI rose 0.3% (forecast 0.2%), fueling fears of a 50bps rate hike that has already pushed spot gold prices down 2% to $4,054.90.
Read from the article alone
