Not going up, up, up

An employee arranges gold products at the Korea Gold Exchange’s Jangan branch in Suwon, Gyeonggi, on Oct. 26.

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A hand arranges rows of gold chains in a jewelry display case.
An employee arranges gold products at the Korea Gold Exchange’s Jangan branch in Suwon, Gyeonggi, on Oct. 26. Global gold prices fell below $4,000 an ounce to their lowest level since July, as surging oil prices amid escalating tensions in the Middle East fueled inflation concerns and expectations of further U.S. interest rate hikes.

An employee arranges gold products at the Korea Gold Exchange’s Jangan branch in Suwon, Gyeonggi, on Oct. 26. Global gold prices fell below $4,000 an ounce to their lowest level since July, as surging oil prices amid escalating tensions in the Middle East fueled inflation concerns and expectations of further U.S. interest rate hikes.

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