Gold falls to over one-week low on firm dollar, Fed rate hike bets
Gold prices fell on Thursday, touching a more than one-week low, after stronger-than-expected US inflation data and hawkish remarks from Federal Reserve officials boosted the dollar and cemented expectations of an interest-rate hike next month. Spot gold fell 0.2% to $3,977.99 per ounce by 0506 GMT, after touching its lowest since November 4 earlier. US gold futures for December delivery dropped 0.4% to $3,983.20.