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Gold Holds Below $4,000 as Market Looks Ahead to Fed Rate Hike

Bloomberg Markets Thursday 12 November 2026, 00:12 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Below $4,000 as Market Looks Ahead to Fed Rate Hike Gold held a drop below $4,000 an ounce, as persistent inflation and hawkish remarks from Federal Reserve officials fueled expectations for an interest-rate hike next month. Bullion traded near $3,970 after losing more than 1% in the previous session. Traders are fully pricing in a quarter-point increase in December, while some even see a chance of a half-point hike.

Gold Holds Below $4,000 as Market Looks Ahead to Fed Rate Hike Gold held a drop below $4,000 an ounce, as persistent inflation and hawkish remarks from Federal Reserve officials fueled expectations for an interest-rate hike next month. Bullion traded near $3,970 after losing more than 1% in the previous session. Traders are fully pricing in a quarter-point increase in December, while some even see a chance of a half-point hike.
Gold Holds (ORG) Market Looks Ahead (ORG) Fed Rate Hike Gold Holds (ORG) Fed Rate Hike Gold (ORG) Federal Reserve (ORG)
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