Gold Breaks Below $4,000 Amid Rate Hike Expectations and Oil Price Surge

English summary

Spot gold fell below the key psychological level of $4,000/oz, hitting its lowest since mid-July. Pressure on precious metals intensified as the Fed kept rates unchanged but left room for a year-end hike, while Middle East tensions drove oil prices higher, fueling inflation fears. Silver declined more sharply, widening the gold-silver ratio.