Gold falls below $4,000

Spot gold fell by 0.2% to $3,977.99 per ounce, while U.S. gold futures declined by 0.4% to $3,983.20. The precious metal slipped to its lowest levels in a week, with a stronger U.S. dollar and rising Treasury yields adding to selling pressure.

Higher-than-expected U.S. consumer inflation in October strengthened market expectations that the Fed would raise interest rates in December. As a non-yielding asset, gold became less attractive to investors amid rising bond yields, while the dollar's appreciation further weighed on prices. Markets are also considering the possibility of another Fed rate hike in March 2027 following the December decision. Investors are now focused on U.S. producer inflation data scheduled for release on November 13.