Gold Drops Below $4,000 as Fed Rate Cut Uncertainty Pushes Dollar Higher

TLDR Gold prices fell 0.4% to $3,986.10 per ounce on Tuesday as the U.S. dollar climbed to a three-month high against major currencies. Federal Reserve Chair Jerome Powell’s comments that a December rate cut is not guaranteed caused traders to reduce their expectations for near-term monetary easing. The combination of a stronger dollar and higher [...]

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