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Gold weakens below $3,950 as Fed hike bets weigh

Gold (XAU/USD) slid back below $3,950 in Asian trading on Tuesday, giving up part of the previous day's recovery from a one-year low amid a modest US Dollar uptick driven by Fed hike expectations ahead of US midterm elections.

Original · FXStreet AI summary of public reporting

Why: Fed hike bets strengthen USD → weighs on gold

GOLD

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At publication → Current
GOLD3,925 → 3,912−0.3%
Gold weakens below $3,950 as Fed hike bets weigh | SignalHub