Gold slips as US inflation data bolsters dollar and Fed hike expectations
Spot gold was down 0.2% as hotter-than-expected US inflation and hawkish Fed commentary lifted the dollar near a one-month high and reinforced expectations for a rate increase next month.
Gold prices edged lower on Thursday as hotter-than-expected US inflation data and hawkish Federal Reserve commentary lifted the dollar to near a one-month high and reinforced expectations of an interest-rate increase next month, weighing on bullion.FUNDAMENTALS* Spot gold TVC:GOLD was down 0.2% at…