Mumbai, Nov. 12 -- Gold extended its losing streak for a third consecutive session on Thursday, slipping below $4,000 per ounce in Asian trade as a resurgent US dollar weighed on bullion. The dollar index climbed to 102.8, its highest since April 2025, following stronger-than-expected inflation data and growing expectations of further Fed tightening. Fed officials Christopher Waller and Lorie Logan added to the hawkish mood, signalling the possibility of additional rate increases, including a potential 50-basis-point hike in December. Investors now await US jobless claims and existing home sales data for further clues on the economic outlook. MCX December gold futures declined 1.5% to Rs 137,790 per 10 grams.
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