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Gold prices fall 2% as inflation data stokes fears of aggressive Fed rate hikes.

Market News
10 Nov 2026, 15:51 WIB
Kitco
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Bearish
Gold prices fall 2% as inflation data stokes fears of aggressive Fed rate hikes.

Gold prices dropped 2% following hotter-than-expected U.S. inflation data, with the Consumer Price Index rising 0.4% in October. Core inflation also increased more than forecast, raising concerns that the Federal Reserve may implement a 50-basis-point interest rate hike next month to combat rising consumer prices. This selling pressure reflects investor worries about tighter monetary policy amid persistent inflation. The market will closely watch upcoming Fed decisions for further signals on rate adjustments.

Gold prices fell 2% on the day following a rise in US CPI, providing context for market reactions. For readers following US stocks on Pluang, here is the market snapshot as of Nov 10, 2026 20:21 WIB: out of 150 priced stocks, 52 rose and 94 fell. Notable movers include CGC up 4.37%, MRVL down 4.00%, and GFI down 3.97%, with GFI showing 79% sell activity on Pluang.

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