Gold Falls to Over One-Week Low on Firm Dollar and Fed Bets
Spot gold fell 0.2% to $3,981, touching a more than one-week low, as stronger-than-expected US inflation data and hawkish Fed remarks boosted the dollar and reinforced expectations of a rate hike next month.
By Sukanya MitraGold 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 TVC:GOLD fell 0.2% to $3,981…