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12 Nov 2026 · 23:13 GMT+3

Gold plunges to one-year low near $3,850 as Fed hawks take charge

Gold (XAU/USD) tanks nearly 2.8% on Thursday as market participants priced in higher odds of a 50 bps December rate hike by the Federal Reserve (Fed). The XAU/USD trades at $3,874 after touching a yearly low of $3,852.

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