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Below the Quote on gold 11th November 2026 from Ashish Rajodiya, Head of Commodities, PL Capital

Gold and silver fell after US consumer prices rose 0.4% in October, above the 0.3% expected, with core inflation also running hotter than forecast. Spot gold slipped about 2% to near $4,050 an ounce and silver lost nearly 3% to around $51.7. The US 10-year Treasury yield rose 2% to 4.99% and the dollar index gained 0.43% to 102.11.

The data strengthens the case for another Fed hike at the 8-9 December meeting, after two policymakers voted for one in October. Governor Waller has said core readings of 0.3% or more could justify considering a 50 basis point move. Higher yields and a firmer dollar raise the cost of holding metals that pay no interest, and silver, with its industrial demand, tends to fall further than gold.

The next inflation print and Fed commentary before December will decide how deep the pullback goes. A softer reading would revive the case for a recovery, while another hot print could push both metals lower.

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