Losing Massive Financial Momentum

Global gold prices suffered a catastrophic plunge in Singapore today. The precious metal recorded its fourth consecutive session of brutal financial losses. Skyrocketing global oil prices ignited terrifying new inflation fears immediately. Spot gold plummeted by 0.2 percent to hit $4,118.18.

Awaiting Federal Reserve Decisions

United States gold futures also suffered a brutal 0.2 percent decline. American futures contracts settled at a dismal $4,136.20 per ounce. Investors nervously anticipate the upcoming Federal Reserve monetary policy meeting. Traders calculate a massive 90 percent probability for a December rate hike.

Other Metals Face Brutal Drops

Higher interest rates brutally crush the demand for non-yielding bullion. The United States dollar stabilized slightly to shatter gold appeal further. Other precious metals also suffered massive financial devastation today. Silver prices plummeted 0.9 percent to settle at $57.44.

Anticipating Crucial American Data

Platinum lost 0.6 percent to hit exactly $1,638.61. Palladium suffered a brutal 1.1 percent drop to reach $1,090.84. Markets urgently await the release of American personal consumption expenditure data. This vital report heavily dictates the central bank's next financial move.

Track the latest massive shifts in global finance directly on Oman Day.