Gold lost its grip on $4,000 on October 30, and the reason was not a stronger dollar or a sudden rush for risk. It was inflation — hotter than expected, and hot enough to make traders bet that the Federal Reserve will raise rates again in December, even though it had just held them steady two days earlier.
The break below $4,000
Spot gold fell 0.7% to $3,992.46 an ounce late on October...
