Gold futures slump as U.S. CPI jump fuels rate hike concerns.
Precious and industrial metals came under pressure after a hotter-than-expected U.S. consumer price index report. December Gold futures dropped over 1.5% to $4,100 an ounce following a 0.6% monthly rise in headline CPI, raising expectations for additional interest rate hikes. December Silver futures fell over 5% to $56