{
  "id": 19449915,
  "title": "Gold steadies near $4,040 after inflation-driven selloff as Fed hike bets rise",
  "url": "https://urgent.news/2026/11/11/gold-steadies-near-4-040-after-inflation-driven-selloff-as-fed-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T05:05:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/gold-steadies-near-4035-after-sharp-selloff-as-december-fed-hike-bets-firm-5017433"
  },
  "original_language": "en",
  "account": "Gold prices climbed on Wednesday, recovering above $4,040 per ounce after a steep decline the previous day. Investors evaluated the potential for additional Federal Reserve rate hikes following unexpectedly high U.S. inflation and cautious remarks from central bank officials. At the close of trading, spot gold increased by 0.22% to $4,041.67 an ounce, while U.S. gold futures rose 0.48% to $4,049.52. Meanwhile, spot silver climbed 1.6% to $52.3730 per ounce, and spot platinum gained 1.7% to $1,566.42. Spot palladium increased 1.7% to $1,044.25, and palladium futures gained 1.5% to $1,039.25. The U.S. dollar index edged up by 0.02% to 102.27. Despite the price rise, gold remained under pressure following its 2.6% drop following the U.S. consumer price index report, which revealed hotter-than-anticipated inflation. Treasury yields rose across maturities, and the dollar gauge jumped as investors reassessed interest rate prospects. Now, traders are pricing in a 25-basis-point Federal Reserve rate hike in December. Higher borrowing costs typically reduce the value of non-interest-bearing gold due to increased opportunity costs, and a stronger dollar makes bullion pricier for buyers using foreign currencies. Hawkish comments from Federal Reserve officials, including Dallas Fed President Lorie Logan and Fed Governor Christopher Waller, further fueled selling pressure. Both expressed concerns that policymakers might pursue more aggressive tightening measures to control inflation.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold edges higher after sharp selloff, Fed hike bets weigh",
        "url": "https://urgent.news/2026/11/11/gold-edges-higher-after-sharp-selloff-fed-hike-bets-weigh",
        "published": "2026-11-11T04:01:38.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold edges higher after sharp selloff, Fed hike bets weigh",
        "url": "https://urgent.news/2026/11/11/gold-edges-higher-after-sharp-selloff-fed-hike-bets-weigh-19446770",
        "published": "2026-11-11T05:00:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}