- gold December delivery down 2.9% to $3,883.40/oz
- dollar and bond yields rising
- Analyst Linh Tran of XS.com cited possibility of 50bp Fed hike in December
gold for December delivery fell to $3,883.40 a troy ounce, pressured by a stronger dollar and higher bond yields. An analyst notes the market is weighing the possibility of a 50-basis-point rate hike by the Fed in December, which supports the dollar and weighs on gold.
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