Alvotech earnings missed by $0.03, revenue fell short of estimates
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Spot gold was down 1.1 per cent at US$3,986.79 per ounce by 1.51 pm ET (1851 GMT), extending Tuesday's almost 3 per cent fall after recovering to as high as US$4,066.77 earlier in the session.
Gold held a drop below $4,000 an ounce, as persistent inflation and hawkish remarks from Federal Reserve officials fueled expectations for an interest-rate hike next month.
New Zealand welcomed a record number of visitors from the US in the 12 months through September as favorable exchange rates and increased air connections make the South Pacific nation more accessible.
Huang is embroiled in a scandal involving an extramarital affair with a woman who may have been a Chinese spy.