Gold slumps toward $4,100 as hot US CPI lifts Fed rate-hike bets
Gold fell to around $4,100 in early Asian trading Thursday after hotter-than-expected US inflation raised expectations for Federal Reserve rate hikes.
XAUUSD
Gold dropped to near $4,100 during early Asian trading on Thursday, with the precious metal drawing sellers after a hotter-than-expected US inflation report.
The US CPI data strengthened expectations that the Federal Reserve may raise interest rates, weighing on gold. XAU/USD was last seen around the $4,100 level.
Source: FXStreet Forex News