Due to the expected increase in the U.S. October Consumer Price Index (CPI), which led to a stronger U.S. dollar and rising government bond yields, putting pressure on gold prices. Looking ahead, the U.S. Producer Price Index (PPI) and weekly initial jobless claims will be released on Thursday, and retail sales data will be announced on Friday. Comments from Fed Chair Jerome Powell and other central bank officials are also being closely watched.

Gold prices marking the fourth consecutive day of losses.

Nov 14 2024