Gold Falls More Than $100 an Ounce as US Inflation Exceeds Forecasts
US consumer prices rose more than expected in October, prompting traders to raise their bets on a Federal Reserve rate increase in December. On November 10, spot gold fell 2.6% in New York, down $107.4 an ounce, while the dollar index and US Treasury yields rose. The next morning, Vietcombank’s dollar selling rate reached 25,790 dong.
