International Gold Price Falls Below $3,900 on Evening of November 12
On the evening of November 12, international spot gold fell as low as $3,885 per ounce, down $100 from the previous session’s reference price. Higher than expected U.S. inflation and comments from Federal Reserve officials raised expectations of a December rate increase, while a stronger dollar added pressure. Markets will watch the U.S. producer price index due on November 13.
