Gold Hits More Than Two-Month Low as Oil Rally Fuels Inflation Worries
Spot gold fell 1.9% to $4,060.37 an ounce by 1134 GMT, its lowest level since August 4, as rising oil prices heightened inflation worries ahead of next week's Federal Reserve decision.
By Vishak MathewGold slipped to its lowest level in more than two months on Thursday, as a rally in oil prices heightened inflation worries ahead of the Federal Reserve's policy decision next week.Spot gold TVC:GOLD slid 1.9% to $4,060.37 per ounce by 1134 GMT, its lowest level since August 4. US g…