Gold slips as Fed hike bets strengthen ahead of meeting
Spot gold fell 1.2% to $4,296.68/oz by 1216 GMT as expectations for a U.S. Fed rate hike this week strengthened after hot inflation data and rising oil prices.
S. Federal Reserve rate increase this week after recent hot inflation data and a rally in oil prices. 68 per ounce by 1216 GMT, after posting a third straight weekly decline.