Gold slips below $4,000 as strong dollar, rate-hike bets weigh
Gold prices remained under the $4,000 per ounce threshold on Thursday, hitting a low not seen in over a week as a robust US dollar and rising expectations for Federal Reserve interest rate hikes dampened demand.
The precious metal continued its decline for a third consecutive day, following hotter-than-anticipated US inflation prove more persistent than he currently expects.
He stated that he was leaning toward a 25-basis-point hike even if monthly inflation data showed improvement, while a substantially stronger reading could warrant considering a 50-basis-point increase.
Investors are now turning their attention to upcoming US <a s future policy trajectory.
Elevated interest rates generally exert downward pressure on gold prices by raising the opportunity cost of holding an asset that does not pay interest.
Meanwhile, the Bureau of Labor Statistics did not release annual headline or core inflation figures for October, as the 2025 government shutdown hindered the collection of survey data.
This disruption left the agency without the year-earlier statistics required to calculate annual comparisons.
