FL2CSOPGOLD
0729919.1304.73% ( -0.950 )
Delay Trading: Nov 12, 15:20:01Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices
TradingKey·- Gold prices extended their decline and fell below 4,000 USD, reaching a daily low near 3,968 USD on November 12. - The drop was driven by higher-than-expected US October CPI inflation data and rising market expectations for a December Federal Reserve rate hike. - A strengthening US dollar and rising Treasury yields further pressured gold, though continued central bank purchases provided some medium-term support.