Gold prices on Tuesday plunged to their lowest levels in more than a week on diminishing hopes for an interest-rate cut at the Fed’s December meeting. Gold futures dropped 0.3% to $4,062.20 per ounce as of about 12:30 p.m. ET — the fourth straight day of declines. The precious metal hit its lowest price since Nov. 10 earlier in the session. The drop comes as traders are pricing in just 52.6% odds of a quarter-point cut next month – down from 93.7% odds this time last month, according to CME