Gold Holds Loss Near $4,000 on Hot US Inflation, Fed Remarks

Gold prices fell after the U.S. released a higher-than-expected inflation report and Federal Reserve officials made remarks interpreted as favoring higher interest rates. The moves prompted market participants to increase bets on a December rate increase. Gold was trading near $4,000 per ounce.

• Bloomberg — Gold Holds Loss Near $4,000 on Hot US Inflation, Fed Remarks

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