Gold slipped toward $4,000 as stronger‑than‑expected US growth fuels expectations of another Fed rate hike, while silver and platinum also fell.

Gold prices fell back toward the $4,000 level on Thursday after US third‑quarter GDP came in at 3.4% year‑over‑year, topping the 3.2% forecast. The robust growth reading revived market bets that the Federal Reserve will resume its tightening cycle, with the FedWatch tool showing a 79.6% probability of a 25‑basis‑point hike at the December meeting. The dollar weakened against a basket of currencies, but the pull‑back was not enough to lift gold, which remains under pressure from the prospect of higher rates.

Technical outlook for gold

• Current price: $4,009.64, down 1.10%
• Key support: $4,000‑$4,020; next support $3,890‑$3,910
• Pivot: $4,053.97
• Resistance: $4,083.27
• RSI: moderate, leaving room for momentum

Silver and platinum under pressure

• Silver at $52.08, down 3.40%
• Gold‑silver ratio rising toward 77.00, bearish for silver
• Silver support: $51‑$52; next support $47‑$48
• Platinum at $1,467.90, down 3.86%
• Platinum support: $1,511.48; pivot $1,527.50; resistance $1,542.93

What traders are watching

• US Treasury yields – 2‑year near 4.66%, 10‑year below 5.00%
• ECB decision – rates held steady, possible hike in December
• Upcoming US inflation data and oil price trends that could shape Fed policy

Related news

• U.S. GDP grows 3.4% in Q3 as September inflation picks up
• Lagarde steps down early as ECB eyes growth boost
• Bitcoin jumps to $81.5K as US GDP beats expectations
• Gold: Fed hold puts focus on real yields and inflation data

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This article is compiled from international market news for information only. It is not investment advice.