Gold dips following Fed's Waller drops the 50 bps hike bomb and US CPI comes above expectations
Gold sold off yesterday following Fed's Waller surprised markets with some very hawkish remarks in his speech on the economic forward view. The Core CPI then came in at 0.3%, extending gold's losses as market players rose further their expectations of a 50 bps tightening…
In this article
In today's gold price news, gold sold off yesterday following Fed's Waller surprised markets with some very hawkish remarks in his speech on the economic forward view, according to investingLive. The Core CPI then came in at 0.3%, extending gold's losses as market players rose further their expectations of a 50 bps tightening move in December.
Key points
- He indicated that a tightening move in December would be warranted regardless of yesterday's inflation data.
- We can see that gold (CFD contract) is still consolidating above the broken trendline even with yesterday's dip on the daily chart.
- So, the expectations for an imminent agreement might need to be repriced and that should lead to a rebound in oil prices.
Gold price: the details
He indicated that a tightening move in December would be warranted regardless of yesterday's inflation data, and added that the only thing the data would influence would be the size of the increase. So, the expectations for an imminent agreement might need to be repriced and that should lead to a rebound in oil prices. We can see that gold (CFD contract) is still consolidating above the broken trendline even with yesterday's dip on the daily chart.
Why traders are watching gold price
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for gold price
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Heads up: US bond market closed for Veterans Day as equities face a hot CPI hangover or see all of today's top market news.
FAQ
What is the latest gold price news?
Gold sold off yesterday following Fed's Waller surprised markets with some very hawkish remarks in his speech on the economic forward view.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
