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وكالة صدى نيوز
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Gold slides to $3,977/oz

Gold slides to $3,977/oz

Gold prices fell to $3,977.18 an ounce, extending their decline to around 3% during Tuesday’s session, after data showed U.S. inflation rose 0.4% in October, compared with forecasts of 0.3%. The figures reinforced expectations of tighter monetary policy: the probability of a 50-basis-point rate hike in December rose to 12.9%, up from zero, while the dollar climbed to a four-week high. A stronger dollar and higher interest rates make dollar-denominated gold more expensive to hold and reduce its appeal as a non-yielding asset.

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