Fed Hawkish Expectations Weigh on Gold as Spot Price Falls Below $4,000

English summary

Gold prices fell for a second consecutive day, dropping below the psychological $4,000 level as stronger-than-expected US GDP and persistent inflation reinforced bets on a December Fed rate hike. Despite ongoing geopolitical risks and a weaker dollar, interest rate expectations dominated market pricing. Institutional views diverge, with some analysts expecting sell-offs on rallies while others see dips as buying opportunities.