Equityworld Futures-Gold prices slumped in late trading Wednesday morning (30/11) with increased expectations of rising US interest rates.
LLG Spot gold prices fell 0.42 percent at $ 1,188.37 per ounce.
US gold futures for December delivery ended at $ 1,187.90.
The US Federal Reserve is expected to raise interest rates in December and is expected to strengthen the US dollar, which when it rises makes commodities more expensive.
The dollar index, which tracks the greenback against a basket of six major rivals, reaching a peak of nearly 14 years of 102.050 last week.
However, government bonds, unlike gold, earn interest. Expectations of strong growth outside the US after President-elect Donald Trump took office in January has also helped the equity market rally since the election earlier this month.
But the referendum Italian and Austrian presidential elections on Sunday could not be ignored.
Silver fell 0.5 percent to $ 16.54 per ounce, while platinum fell 0.1 percent to $ 921.85.
Palladium rose 0.1 percent to $ 756.0 after rising to the highest since June 4, 2015, at $ 760.30 on Monday.
Analyst Equityworld Futures Research Center estimates that the price of gold at the next trade could potentially move to strengthen the weak expectations of rising US interest rates and a stronger Wall Street. Prices are expected to move in the range of $ 1,186- $ 1.184 Support, whereas if the price drops will move in the range of $ 1,190- $ 1.192 Support.