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AI Financial Intelligence
Professional analysis of central bank decisions

Markets

News
Forex
Stocks
Crypto
Gold
Commodities
Indices
ETFs

Analysis

Fed
ECB
COT
Economic Calendar

Learn

Service Guide
MCP Server
Oil

Company

About
Contact
Data Methodology
AI Disclosure
Pricing
Enterprise
Terms
Privacy
Security
WhatsApp

Status data is currently unavailable

The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

BreakingCommodities

Gold Prices Drop 2% Following Higher-Than-Expected US CPI Data

First Detected: Nov 10, 2026, 1:59 PM

Last Update: 8 minutes ago

1 update

Event Summary

Gold prices fell 2% on November 10 amid significant selling pressure, retracing some of their recent gains. The decline followed a larger-than-expected rise in the US Consumer Price Index, fueling fears that the Federal Reserve could raise interest rates aggressively next month to cool inflation.

Timeline

Latest developmentabout 8 hours ago

Gold Prices Drop 2% Following Higher-Than-Expected US CPI Data

Gold faces heavy selling pressure as US CPI rose 0.4% in October, fueling expectations for aggressive Federal Reserve interest rate hikes next month.

Read the full story

Key facts

Gold prices fell 2% on the day amid significant selling pressure.
US CPI data showed a higher-than-expected rise, fueling fears of aggressive interest rate hikes.
Gold prices fell 2% on the day, retracing some of its recent gains.
US Consumer Price Index (CPI) data rose more than expected, triggering selling pressure.
Increased fears that the Federal Reserve could aggressively raise interest rates next month to cool inflation.

Price Impact

Since event start

XAUUSD-0.53%

GCUSD-0.50%