Global marketsUpdated 3h ago

Gold trades near $3,880 as rate-hike bets grow.

On Nov. 12, the Saudi Press Agency reported that spot gold fell 3% to $3,867.96 an ounce. In a separate report on Nov. 13, Asharq Business, citing Bloomberg, said gold was trading around $3,880, near a one-year low. The report said bets on U.S. rate hikes to fight inflation were increasing and Treasury yields were rising.

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