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Hike bets curb gold gains
Spot gold rose 0.3% to $4,043.62 an ounce on Wednesday, November 11, 2026, after falling nearly 3% in the previous session. U.S. gold futures climbed 0.5% to $4,051.10. Gains remained limited as expectations grew that the Federal Reserve would raise interest rates next month, following stronger-than-expected U.S. inflation data. The probability of a rate hike rose to 100%, up from 84% before the data was released. Higher interest rates weigh on gold by increasing the opportunity cost of holding the non-yielding metal.
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