---
symbol: "GOLD"
name: "Gold"
date: 2026-11-11
change_pct: -2.403265542727405
direction: "down"
event_type: "macro_print"
url: "https://perplo.app/why/GOLD/2026-11-11"
updated_at: 2026-11-11T00:07:04.238Z
---

# Why Gold (GOLD) fell 2.40% on November 11, 2026

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.

## 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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