Gold prices fell to a more than seven-month low on Wednesday, after briefly slipping below the key $4,000-per-ounce level, under pressure from a firmer U.S. dollar and growing expectations of interest rate hikes. Spot gold fell 2.1% to $4,021.99 an ounce as of 1405 GMT, after hitting its lowest level since November 2025. U.S. gold futures declined by 2.6% to $4,039.30. The U.S. dollar firmed, making dollar-priced bullion more expensive for holders of other currencies. [USD/] Traders have ramped up bets on U.S. interest rate hikes this year after the U.S. central bank struck a hawkish tone at its latest policy meeting ... (full story)