Gold slips below 4,000 for a third losing session as Fed hike bets lift the dollar

Commodities News

Gold slips below 4,000 for a third losing session as Fed hike bets lift the dollar

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Gold slipped below 4,000 for a third losing session after hotter US CPI and hawkish Fed comments. Markets now fully price a December rate hike, and the dollar sits near multi-month highs.

Gold slipped below 4,000 for a third losing session, trading around 3,975 to 3,985 on Thursday. The Asian range ran roughly 3,975 to 4,000.

Gold fell as hotter US CPI and hawkish Fed comments left markets fully pricing a December rate hike, while the dollar stayed near multi-month highs.

EURUSD traded around 1.1095, near its lowest since early 2026, and analysts watch 1.1050 to 1.1000 below. Meanwhile, NAS100 futures fell about 0.9% after Nvidia dropped 8 to 10% after hours on reports about its CEO and a possible board move.

The calendar lists US initial jobless claims at 14:30 Prague time, Fed's Goolsbee speaking at 17:15, and a US 30-year bond auction at 19:01. Volatility can spike around these times.

Source: MQL5: Traders' Blogs

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