Gold Drops Below $4,000 Again. Will Friday’s Inflation Data Deepen the Slide?
The gold price fell to $3,963.44 on Thursday, slipping back below $4,000 for the third time since late October. Hotter October inflation has pushed traders to fully price in a December Federal Reserve (Fed) hike. A quarter-point move is already in the price. Friday’s Producer Price Index (PPI) report could shape whether bets on a The post Gold Drops Below $4,000 Again. Will Friday’s Inflation Data Deepen the Slide? appeared first on BeInCrypto.
Key Takeaways
- The gold price fell to $3,963.44 on Thursday, slipping back below $4,000 for the third time since late October.
- Hotter October inflation has pushed traders to fully price in a December Federal Reserve (Fed) hike.
- A quarter-point move is already in the price.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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