Gold Steadies Near $4,035 After Market Fully Prices In December Fed Rate Hike - BigGo Finance

AI desk brief

Spot gold edged up 0.1% to $4,035.72 on Wednesday after a 2.6% selloff that the report attributed to hotter-than-expected October US inflation and hawkish Fed commentary. The report says markets fully priced a 25-basis-point December hike, with Treasury yields rising across maturities; renewed dollar strength could pressure bullion, although nominal yields alone do not establish real-yield changes. Globlex warned that a break below $4,025 could bring further declines, without specifying a downside target. The dollar index subsequently slipped 0.01% to 102.24; silver eased 0.1% to $51.5125.