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

English summary

Spot gold prices fell below the key psychological level of $4,000 per ounce, hitting their lowest point since mid-July. The Federal Reserve held rates steady but left room for a year-end hike, while Middle East tensions pushed Brent crude to highs not seen since April. Inflation pressures and liquidity concerns stemming from tech stock adjustments jointly weighed on precious metals.