Gold Prices Plunge $100 Following Surprise US Inflation Data

Key Facts

1Gold prices dropped by $100 per ounce within hours following a surprise CPI inflation report.

Gold prices dropped by $100 per ounce within hours following a surprise US CPI inflation report. According to 247wallst.com, the precious metal faced a massive sell-off after the data showed hotter-than-expected inflation, causing gold to trade below the $4,100 per ounce level during the October 14, 2026, session.

The surprise inflation data strengthened the US dollar and pushed Treasury yields higher, reducing the appeal of non-yielding gold. Money markets increased the odds of a Federal Reserve rate hike in October to approximately 42%, while the US Dollar Index reached 102.90, its strongest level in roughly 18 months. Other commodities followed the decline, with silver prices dropping nearly 6% to stand at $55.41 in late trading on October 14, 2026.