GOLD PLUNGES 1.6% AS FED RATE HIKE FEARS SURGE Gold (XAUUSD) fell 1.6% to $4,071 an ounce after Fed Governor Christopher Waller signaled that more aggressive rate hikes may be needed to contain inflation. Waller backed a December rate hike and raised the possibility of a 50-basis-point increase if inflation worsens. Markets now price a 99% probability of a December hike, while Treasury yields climb ahead of today's US CPI report.(彭博社)