XAUUSDGlobal
Daily gold digest · 11 November 2026

Gold News, 11 November 2026: 7 stories moving XAUUSD

Spot gold steadied in thin Asian trade on Wednesday after falling 2.8% on Tuesday, when October consumer prices rose 0.4% against 0.3% expected. Markets now price a December Fed hike as all but certain, the dollar index sits near a two-week high, the yen is at its weakest since September, and the US bond market is closed today for Veterans Day.

Gold spot$3,992.5−43.7 (−1.08%)NextUS PPI (October)in 1d 19h · Fri 13:30 GMTMarket openpause in 3h 38mRange$80.2

Gold holds just above $4,000 after a hot October CPI makes a December hike a near-certainty

01
Price

Spot gold steadies near $4,036 in Asia after Tuesday's 2.8% CPI drop

Spot gold fell 2.8% to $4,021.36 an ounce on Tuesday and US December futures lost 1.9% to $4,036.00 after the October inflation report, Reuters reported via Nation Thailand. By 07:31 Singapore time on Wednesday, gold was up 0.1% at $4,036.30. Edward Meir of Marex called the slightly hotter figures a short-term negative for gold, while Standard Chartered noted that gold was still holding above $4,000.

Why it matters for gold:

A one-day drop of almost 3% on a data surprise shows how much of gold’s recent move rests on rate expectations. The round $4,000 level is now the line many traders watch. Our chart of the day walks through the last sessions bar by bar, and the gold cheat sheet has this week’s pivots and typical range.

Source: Reuters via Nation Thailand

02
Inflation

October CPI: prices up 0.4% on the month, core 0.3%, energy 0.7% and food 0.5%

The consumer price index rose 0.4% in October on a seasonally adjusted basis and the core index, which leaves out food and energy, rose 0.3%, the Bureau of Labor Statistics said. Energy rose 0.7%, food 0.5% and shelter 0.3%. The BLS could not publish 12-month changes for October for indexes missing October 2025 data, which were never collected during last year’s lapse in appropriations.

Why it matters for gold:

Both the headline and the core numbers came in one tenth above the forecasts, and that small gap was enough to move gold about $100. The CPI event page shows gold’s reaction on recent CPI days, and CPI time today now carries the result box. Producer prices follow on Friday: see PPI time today.

Source: US Bureau of Labor Statistics

03
Fed

December hike odds jump to about 91% for 25 basis points, with 10% on a half-point move

CME FedWatch showed a 91% chance of a 25 basis point rise at the December meeting, up from 84% on Monday, and a 10% chance of a 50 basis point move, Investing.com reported in Asian trade. Reuters said a quarter-point hike was fully priced and the half-point probability had risen to 10.5% from zero. Dallas Fed President Lorie Logan said she still sees a need for at least two more quarter-point hikes.

Why it matters for gold:

Higher rates raise the cost of holding a metal that pays no interest, which is why gold fell as hike odds rose. With a 25 basis point move almost fully priced, the next surprise would be talk of 50. Our Fed hike odds tracker post keeps the path of these odds, and the FOMC decision page shows gold on past Fed days.

Source: Investing.com

04
Fed

Fed Governor Waller says a 25-point hike alone could put the Fed's credibility at risk

In remarks before the CPI report, Governor Christopher Waller said policymakers should weigh a hike of at least 50 basis points if the inflation outlook worsens, FXEmpire reported. He said that hiking only 25 basis points “would put our credibility at risk, a risk I am not eager to take.” Golden State Mint’s market report said Waller, speaking in London, wants a December hike even if inflation eases.

Why it matters for gold:

When a Fed governor openly discusses half-point moves, markets start to price them, and that can keep yields high and gold under pressure until the 9 December decision. Fed speeches are scheduled events too: plan for them as you would for data, with smaller size around them. See what moves gold.

Source: FXEmpire

05
Yields

Two-year yield jumps 15 basis points and the 10-year rises to about 4.94%; bonds shut today

Treasury yields rose sharply after the CPI report, with the 2-year up 15 basis points and the 10-year up more than 7 basis points, FXEmpire reported. Golden State Mint put the 10-year at about 4.94% and 10-year real yields at about 2.6%. The US bond market is closed on Wednesday for Veterans Day while the NYSE and Nasdaq stay open, investingLive noted, and bonds return on Thursday.

Why it matters for gold:

Gold competes with the return on safe bonds, so rising yields, above all real yields, usually weigh on it. With bond desks closed today, liquidity across markets is thinner and gold can move more on small orders. Check the session times on our gold market hours page and keep size small on holiday days.

Source: FXEmpire

06
Dollar

Dollar index holds 102.22 after a 0.6% rise; the yen touches 158.95, its weakest since September

The dollar index was little changed at 102.22 at 03:25 GMT on Wednesday after rising 0.6% on Tuesday, Investing.com reported. The dollar reached 158.95 yen, its highest since late September, though the threat of Japanese intervention capped it. The Australian dollar recovered 0.2% after a drop of nearly 1% to a seven-month low, and the Indian rupee firmed 0.2% against the dollar.

Why it matters for gold:

Gold is priced in dollars, so a firmer dollar makes it dearer for buyers using other currencies and adds to the pressure from yields. A weak yen and a weak Australian dollar also mean gold fell less in those currencies. The gold strength meter shows gold’s move in nine currencies, and the markets board puts gold, the dollar and yields side by side.

Source: Investing.com

07
Silver

Silver drops 3.9% to $51.32 as the CPI sell-off spreads across precious metals

Spot silver fell 3.9% to $51.32 an ounce on Tuesday and palladium lost 2.0% to $1,021.22, Reuters reported via Nation Thailand. Silver was flat at $51.56 early on Wednesday. Golden State Mint said silver was still up about 1% on the week but down more than 26% since January, while platinum traded around $1,560, about 7% higher than a week earlier.

Why it matters for gold:

Silver usually moves further than gold on the same news, so its bigger drop is a reminder that a “safe” metal can still swing hard. The gold/silver ratio rises when silver falls faster than gold. Our gold vs silver trading guide explains why the two behave differently.

Source: Reuters via Nation Thailand

← 10 November 2026Live news, calendar & levelsXAUUSD analysis for 11 November 2026

Summaries are written by XAUUSD Global from the linked sources. Educational content only, not financial advice.

Daily surprise · Wednesday 11 November 2026

Something new about gold, every day

Today’s gold fact

November in the last 10 years

Over the last 10 years gold was up in November 5 times, with an average change of −0.42%. Best: 2025 (+6.47%); worst: 2016 (−7.92%).

Gold seasonality by month
Pattern of the day

The busiest hour for gold

From 30 Oct 2024 to 30 Oct 2026, gold's widest average hourly range came at 14:00 London time ($27.35), the narrowest at 21:00 ($11.51). Hourly COMEX bars, 11,443 of them.

When gold moves the most

Computed from XAUUSD Global’s own data: COMEX gold futures settlements and hourly bars, and our NFP, CPI and Fed studies. A new pair every day. Past behaviour is history, not a forecast. Education, not signals.

Weekly gold forecast

The levels for the week

How today’s news fits the week: the rule-based bias, the statistical range and the weekly pivot. See how past weeks scored. Education, not signals.

Gold this week week of 9 Nov

Full forecast
  • BiasRange
  • Statistical band$3,971 – $4,174
  • Last close$4,072.1
  • Weekly pivot$4,037.1

Spot $3,992.5 is inside this week's band, as of 11 Nov, 18:22 UTC.

Rule-based bias and a statistical band for spot XAUUSD, not a prediction. Education, not signals.