According to CoinMeta, the price of gold rose in Asian trading, increasing by 0.8% to exceed $4,050 per ounce, partially reversing the 2.6% decline from the previous trading day. This rebound was driven by stronger-than-expected U.S. inflation data and hawkish remarks from Federal Reserve officials, which strengthened market expectations for another interest rate hike in December. Traders have fully factored in a 0.25 percentage point hike, which puts pressure on gold as higher interest rates reduce the attractiveness of gold, which yields no returns. However, gold still remains above the key level of $4,000 per ounce, supported by demand for safe-haven assets and continued purchases by central banks. Silver, platinum, and palladium also recorded gains.