---
symbol: "GOLD"
name: "Gold"
date: 2026-11-10
change_pct: -2.655679868545057
direction: "down"
event_type: "macro_print"
url: "https://perplo.app/why/GOLD/2026-11-10"
updated_at: 2026-11-10T20:06:59.755Z
---

# Why Gold (GOLD) fell 2.66% on November 10, 2026

Gold (GOLD) fell 2.66% on November 10, 2026 — Fed hike bets rise after Waller; gold slips.

## What happened

Gold fell as Fed rate-hike fears surged after Waller's hawkish signal, with spot gold down nearly 3%. The hawkish repricing hit the metal directly.

## Why it moved

Higher expected rates lift real yields, which raises the opportunity cost of holding a non-yielding asset like gold. Markets repriced that cost upward, and the metal sold off accordingly.

## Why it matters

Gold belongs to the Precious Metals theme, where Iran safe-haven demand had driven prices higher. This Fed-driven selloff adds a second headwind as the geopolitical bid fades.

## What would break the thesis

Fed speakers softening or data weakening enough to pull hike odds back down would ease real-yield pressure. A reversal in the Iran de-escalation trade would also restore some safe-haven support.

## Sources

- [GOLD PLUNGES 1.6% AS FED RATE HIKE FEARS SURGE](https://t.me/marketfeed/1074564) — MarketFeed
- [SPOT GOLD EXTENDS LOSSES, DOWN NEARLY 3% TO $4,017.21/OZ](https://t.me/marketfeed/1074827) — MarketFeed
- [ZELENSKYY STATES THAT RELEASING PRISONERS IS A TOP PRIORITY DURING DISCUSSIONS.](https://t.me/marketfeed/1074724) — MarketFeed

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