Gold prices slip as stronger dollar, Fed rate uncertainty weigh By Investing.com
Update: 2025-11-04
Description
Gold prices experienced a slight decline in Asian markets on November fourth, influenced by a robust US dollar and uncertainty surrounding the Federal Reserve's future interest rate decisions. The precious metal dropped by 0.4% to $3,986.10 an ounce. Gold futures in the US also decreased by 0.5%. Gold had previously struggled to maintain a price above $4,000, with analysts attributing this to the dollar's recent surge, which increased the cost of gold for international buyers. Federal Reserve Chair Jerome Powell's cautious stance on interest rates last week further dampened investor hopes for an imminent rate cut, causing the dollar to reach a three-month high and pushing gold prices down. As the dollar remains strong and the Fed maintains a cautious approach, gold faces challenges in rebounding above the $4,000 threshold.
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