Gold falls below $4,000 as stronger dollar and Fed rate hike expectations pressure precious metals - Economies.com

AI desk brief

Spot gold traded at $3,954.16/oz, down 0.85%, and silver at $51.22/oz, down 0.89%, at 11:08 GMT on November 12; the year is unspecified. The source attributes losses to dollar strength and December Fed hike expectations after October CPI rose 0.4%, versus 0.3% expected, with industrial-demand concerns adding pressure on silver. Gold support is near $3,925/$3,900 and resistance $3,980/$4,000; silver support is $50.75 and resistance $51.95. Ahead of Friday’s US producer inflation release, continued dollar strength could extend losses, while geopolitical uncertainty could support haven demand.