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2026-11-03T16:15:22.167Z

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Gold Dips Amid Inflation Fears

Gold Dips Amid Inflation Fears

Gold prices fell on Tuesday after rising more than 2% in the previous session. Spot gold dropped 1.1% to $3,904.69 an ounce, while December gold futures fell 1.4% to $3,914.70. The decline came as oil prices rose and inflation fears resurfaced, strengthening expectations of tighter monetary policy. Traders put the odds of a US interest-rate hike in December at 75%, weighing on non-yielding gold. Other precious metals also fell: silver was down 3.4%, platinum 2.1%, and palladium 2.9%.

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