Gold tumbles 3%, silver dives 4% after hotter-than-expected inflation
Gold shed 3% and silver plunged 4.03% on Tuesday after a US inflation report came in hotter than expected. Platinum and palladium also slid as Fed officials Lorie Logan and Christopher Waller pushed for more rate hikes.
- Original source: breakingthenews.net.
- The source published it on Nov 10, 2026 at 5:25 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Precious metals got hammered on Tuesday, with gold dropping 3% and silver plunging 4.03% after the latest United States inflation report. The numbers ran hotter than anticipated, and traders wasted no time bailing out of bullion.
By 12:24 pm ET, gold was trading at $4,018.08 an ounce, while silver sat at $51.21 an ounce. A minute later, platinum had lost 2.20%, selling for $1,538.51 an ounce, and palladium was down 0.77%, going for $1,010.99 an ounce.
The hotter inflation print has revived fears about the Federal Reserve's next move. Fed Bank of Dallas President Lorie Logan and Fed Governor Christopher Waller both pushed for more interest rate hikes in their recent comments, giving metals sellers even more reason to unload.
TopicsGold · Silver · Platinum · Palladium · Federal Reserve · Lorie Logan · Christopher Waller · United States inflation report
Source: breakingthenews.net
Written by Paparazzi with AI. Not financial advice.
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