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Gold falls below $4,000 as expectations of Fed tightening rise
Gold prices fell below $4,000 an ounce on Thursday, extending losses from the previous session amid persistent inflation concerns and hawkish comments from Federal Reserve officials, which strengthened expectations of another interest rate hike in December.
At 8:16 a.m., spot gold fell 0.4% to $3,973.13 an ounce, while U.S. gold futures dropped 0.6% to $3,978.57.
Silver fell 0.6% to $51.36 an ounce, while platinum lost 0.2% to $1,535.84. Spot palladium rose 0.1% to $1,034.06, while palladium futures gained 0.1% to $1,031.25. The U.S. dollar index also rose 0.1% to 102.98.#HuangRisksOusterOverReportedAffairWithSubordinate #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #CanNvidiaEarningsEaseMarketConcerns?
Gold falls below $4,000 as expectations of Fed tightening rise
Gold prices fell below $4,000 an ounce on Thursday, extending losses from the previous session amid persistent inflation concerns and hawkish comments from Federal Reserve officials, which strengthened expectations of another interest rate hike in December.
At 8:16 a.m., spot gold fell 0.4% to $3,973.13 an ounce, while U.S. gold futures dropped 0.6% to $3,978.57.
Silver fell 0.6% to $51.36 an ounce, while platinum lost 0.2% to $1,535.84. Spot palladium rose 0.1% to $1,034.06, while palladium futures gained 0.1% to $1,031.25. The U.S. dollar index also rose 0.1% to 102.98.#HuangRisksOusterOverReportedAffairWithSubordinate #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #CanNvidiaEarningsEaseMarketConcerns?
