Gold dips 2% to $4,075 as hot CPI and Fed rate hike weigh on miners

Gold fell as much as 2% on Wednesday to $4,075 an ounce after September CPI rose 0.6% on higher fuel costs and the Federal Reserve raised rates for the first time since 2023. The VanEck Gold Miners ETF (GDX) lost 4.40% in the last session.

Detected & updated continuously · Source: Nebula