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2026-11-11T20:26:00.000Z

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Gold slides $52 on dollar rise

Gold slides $52 on dollar rise

Spot gold fell 0.41% in Wednesday trading to $4,014.26 an ounce, after reaching $4,066.77 earlier, weighed down by the dollar’s rise to a four-week high. The pressure followed a 0.4% increase in U.S. inflation in October, compared with expectations of 0.3%, and remarks that strengthened bets on tighter monetary policy. The probability of a 50-basis-point rate hike in December rose to 13.2%, while markets still largely expect a 25-basis-point increase. U.S. gold futures for December delivery also fell 0.2% to $4,021.70 an ounce.

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