Why did gold fall, will it rise again? A striking forecast from analysts

Gold prices edged higher in early trading after a sharp selloff in the prior session, as markets digested a hotter-than-expected U.S. October inflation reading that reinforced expectations the Federal Reserve could raise interest rates in December. The inflation surprise has renewed pressure on bullion, which struggles when higher rates lift the dollar and bond yields. Analysts flagged upcoming data and Fed commentary as the key drivers of gold's near-term direction. Investors will watch whether the metal can hold recent support levels or extend the previous session's losses.