Geopolitics Alpha

Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data

Published . Updated .

Key takeaways

  • Strong US inflation data saw gold and silver erase yesterday's gains on Tuesday as Fed rate-hike betting jumped >>
  • Exposed: GLD, GDX, SLV, TIP, NEM
  • Market reaction: GDX −4.0% on the day (still updating); GLD −2.2% on the day (still updating); PAAS −4.4% on the day (still updating)

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Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data

Strong US inflation data saw gold and silver erase yesterday's gains on Tuesday as Fed rate-hike betting jumped >>

Directly affected

  • No company is named in this report.

Indirectly affected

  • GLD SPDR Gold Shares

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • GDX VanEck Gold Miners ETF

    VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • SLV iShares Silver Trust

    iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.

  • TIP iShares TIPS Bond ETF

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • NEM Newmont

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • PAAS Pan American Silver

    Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.

  • AEM Agnico Eagle Mines

    Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • CDE Coeur Mining

    Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLD-5.34%-1.06%base-2.24%after closeafter closeafter close
GDX-15.10%-6.24%base-3.95%after closeafter closeafter close
SLV-6.85%-2.49%base-2.61%after closeafter closeafter close
TIP+0.06%+0.20%base-0.63%after closeafter closeafter close
NEM-14.12%-4.30%base-3.11%after closeafter closeafter close
PAAS-9.61%-4.22%base-4.39%after closeafter closeafter close
AEM-16.72%-5.92%base-3.48%after closeafter closeafter close
CDE-18.47%-11.12%base-3.98%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data BullionVault

Source: BullionVault

How far Spdr Gold Trust (GLD) has moved since 10 Nov 2026

CompanyWhenMoveStatus
Agnico Eagle Mines (AEM)that day-3.48%still updating
Agnico Eagle Mines (AEM)three days earlier-5.92%final price
Agnico Eagle Mines (AEM)five days earlier-16.72%final price
Coeur Mining (CDE)that day-3.98%still updating
Coeur Mining (CDE)three days earlier-11.12%final price
Coeur Mining (CDE)five days earlier-18.47%final price
Vaneck Etf Trust (GDX)that day-3.95%still updating
Vaneck Etf Trust (GDX)three days earlier-6.24%final price
Vaneck Etf Trust (GDX)five days earlier-15.10%final price
Spdr Gold Trust (GLD)that day-2.24%still updating
Spdr Gold Trust (GLD)three days earlier-1.06%final price
Spdr Gold Trust (GLD)five days earlier-5.34%final price
Newmont (NEM)that day-3.11%still updating
Newmont (NEM)three days earlier-4.30%final price
Newmont (NEM)five days earlier-14.12%final price
Pan American Silver (PAAS)that day-4.39%still updating
Pan American Silver (PAAS)three days earlier-4.22%final price
Pan American Silver (PAAS)five days earlier-9.61%final price
iShares Silver Trust (SLV)that day-2.61%still updating
iShares Silver Trust (SLV)three days earlier-2.49%final price
iShares Silver Trust (SLV)five days earlier-6.85%final price
Ishares Tr (TIP)that day-0.63%still updating
Ishares Tr (TIP)three days earlier+0.20%final price
Ishares Tr (TIP)five days earlier+0.06%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Spdr Gold Trust (GLD)

Companies carried with this story

  • GLD Spdr Gold Trust

    For “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • GDX Vaneck Etf Trust

    In “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

  • SLV iShares Silver Trust

    iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data.” Reason on file: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story

  • TIP Ishares Tr

    For “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • NEM Newmont

    In “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • PAAS Pan American Silver

    For “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Pan American Silver (PAAS) is linked, with no stored direction, medium confidence. Reason on file: Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story

  • AEM Agnico Eagle Mines

    For “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story

  • CDE Coeur Mining

    For “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data,” Coeur Mining (CDE) is linked, with no stored direction, medium confidence. Reason on file: Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story

Spdr Gold Trust (GLD)

On 10 Nov 2026, “Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data” is the story that connects Spdr Gold Trust (GLD) to this story.

Spdr Gold Trust (GLD) is on the page because SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story

Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story

The price range for Spdr Gold Trust (GLD), and the dates in the story

GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 385.21 across 16 sessions. The latest close on file is 379.67. SLV traded between 44.12 and 55.84 across 20 sessions. The latest close on file is 45.58.

A simple score for Spdr Gold Trust (GLD)

46 out of 100Price not final

“Gold, Silver Fall as Rate-Hike Betting Jumps on Strong Inflation Data” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.