Why Gold (GOLD) fell 2.40%
Gold (GOLD) fell 2.40% on November 11, 2026 — Fed hike bets rise after Waller; gold slips.
What happened
Gold fell about 2.4%, in line with precious-metals peers, which were down a median 2.6%, as Fed rate-hike fears surged after Waller's hawkish signal.
Why it moved
Expectations of tighter policy push up real yields and make non-yielding gold less attractive, so the whole metals complex sold off on the same macro repricing.
Why it matters
Within Precious Metals, the safe-haven premium from Iran risk has been unwinding, and the rate outlook is now the bigger force on the group.
What would break the thesis
If Fed speakers soften or data weakens enough to pull hike odds back down, the bid for gold should return.