Gold slips below $4,100, silver at $52 as Brent crude falls below $90; Fed rate hike bets rise
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold prices fell below $4,100 and silver hit $52 on November 10 as Brent crude dropped below $90.
- ✓Investors got cautious as bets for a December Fed rate hike rose to 84 percent.
- ✓Many now wait for US inflation data, which showed how global markets reacted to shifting economic trends.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
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Gold and silver prices declined in both domestic and international markets on November 10, trimming the previous session's gains as Brent crude dropped below $90 and expectations of a December Fed rate hike strengthened. Investors now await key US inflation data for further cues on the Fed's monetary policy.
International gold fell 1.61 percent near $4,074 per ounce, while silver declined 1.91 percent just above $52 over the past 24 hours. US gold futures were down 0.81 percent to $4,081 per ounce, while silver edged 0.58 percent down just above $52 per ounce (11:46 GMT) from its previous close.
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