Gold fell 0.2% to $3,981.49 per ounce on Thursday morning, touching a one-week low. The decline follows stronger inflation data and hawkish Federal Reserve signals that boosted the dollar.
Gold Falls to One-Week Low on Strong Dollar
Gold prices dropped to a more than one-week low as strong US inflation data and hawkish Federal Reserve expectations lifted the dollar. Higher interest rates raised the opportunity cost of holding non-yielding bullion, though analysts await upcoming PPI data.
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