Gold Falls Below $4,000 as Oil Prices and US Inflation Raise December Rate-Hike Bets
Gold prices dropped below $4,000 an ounce on Friday, reaching their lowest level since mid-July as rising crude oil prices, stronger US economic growth and persistent inflation increased expectations that the Federal Reserve could raise interest rates again in December. Spot gold fell 0.6% to $3,995.42 per ounce by 0904 GMT, after touching its lowest […] The post Gold Falls Below $4,000 as Oil Prices and US Inflation Raise December Rate-Hike Bets appeared first on Tekedia .
AI summary
Gold prices dropped below $4,000 an ounce on Friday, reaching their lowest level since mid-July as rising crude oil prices, stronger US economic growth and persistent inflation increased expectations that the Federal Reserve could raise interest rates again in December. Spot gold fell 0.6% to $3,995.42 per ounce by 0904 GMT, after touching its lowest […]
The post Gold Falls Below $4,000 as Oil Prices and US Inflation Raise December Rate-Hike Bets appeared first on Tekedia.
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About this article
- Length
- 77 words · 1 min read
- Published
- October 30, 2026
- Byline
- Samuel Nwite
- Source
- Tekedia