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Gold slips as Fed rate-hike bets strengthen ahead of meeting

Spot gold was down 0.9% at $4,308.24 per ounce by 0907 GMT, after hot inflation data and higher oil prices strengthened expectations of a Fed rate hike this week.

GOLD

S. Federal Reserve interest-rate increase this week after recent hot inflation data and rising oil prices. 24 per ounce by 0907 GMT, after a third straight weekly decline.