Gold price today slides 1.6% below $4,000 as dollar hits 19-month high - Cryptonews.net

AI desk brief

December COMEX gold fell 1.6% to $3,936.40/oz on Thursday, its third consecutive decline, while silver futures lost 2.1% to $50.91/oz. The report linked weakness to a dollar high described as the strongest in 19 months and above-forecast October inflation; further dollar strength could pressure bullion. Traders assigned an 89% probability to a quarter-point Fed increase and 11% to a larger move. FXStreet identified $3,930 support: a sustained break could expose $3,870, while recovery above $4,009 would suggest easing selling pressure. Friday’s US PPI could influence tightening expectations; OCBC retained a constructive medium-term outlook, citing central-bank buying and investment demand as potential support once the rate environment improves.