Gold falls below $4,000 as Fed rate hike bets grow - www.tmgm.com

AI desk brief

• Gold fell near $3,985 in early Asian trading Thursday. October CPI rose 0.4% month-on-month versus 0.3% expected; CME FedWatch showed December 50-basis-point hike odds rising to 12.7% from zero. Further tightening could pressure gold if it lifts expected real yields or the dollar.
• The source also cites Deutsche Bank reporting a 5.06% weekly gold gain amid equity risk aversion and lower sovereign yields, illustrating a competing support channel. These weekly observations are distinct from the reported session decline.
• The source’s AI-assisted technical analysis identifies initial resistance near $4,055 and downside support near $3,895. RSI at 43 and prices below the cited moving averages underpin its bearish near-term assessment; hotter-than-expected Friday PPI is presented as a potential additional headwind.