Gold Falls 2.4% as US Bond Yields Near 5% | Global Economy, Nov 11
Global markets briefing for 11 November 2026: US 10-year yield at 4.983%, gold down 2.41%, dollar firmer, and what it means for Brazil and the Selic. The post Gold Falls 2.4% as US Bond Yields Near 5% | Global Economy, Nov 11 appeared first on The Rio Times .
On November 11, gold prices fell 2.4% to $4,039 an ounce as US bond yields neared the 5% mark. The 10-year Treasury yield increased to 4.983%, just below the 5% threshold. The dollar index climbed to 102.2, marking a 0.6% rise. The VIX eased to 19.46, signaling a reduction in market volatility rather than panic. US consumer prices rose 0.4% in October, though the 12-month inflation rate remained undisclosed due to a data gap from 2025.
Energy supply tightened quietly, with commercial crude stocks down 0.9 million barrels and distillates down 3.6 million barrels. The EIA reported these figures for the week ending October 30. The Treasury sold 30-year bonds, with the previous auction yielding 5.618%. A weak sale would further push long yields higher, intensifying pressure on emerging markets.
The US budget deficit was expected at $298 billion, underscoring the ongoing debt burden. Housing experienced strain as the 30-year mortgage rate stood at 7.18%, with existing home sales forecast at 3.98 million, slightly below the previous month's 3.99 million. Copom maintained the Selic rate at 13.75% after five consecutive quarter-point cuts, urging "serenity and caution" amid a worsening external environment.
Brazil's inflation stood at 4.58% for the year ending September, above the 4.5% tolerance band, with forecasts predicting a 5.2% rate for 2026. Copom's next meeting is scheduled for December 8 and 9. China's strong October imports and exports contributed to a counterbalance for commodity exporters, aiding Brazil's economy, although the trade surplus narrowed to $105.28 billion.
Polymarket's prediction market prices a 25-basis-point Fed rate increase at 85.5%, up from 79.5% on November 9.
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