Singapore, November 12 (QNA) - Gold prices slipped on Thursday as hotter-than-expected US inflation data strengthened the dollar and reinforced expectations of a Federal Reserve rate hike next month.
Spot gold fell 0.2% to $3,979.09 an ounce, while US gold futures for December delivery declined 0.4% to $3,984.50.
The dollar climbed toward a one-month high following the inflation data and hawkish remarks from Federal Reserve officials, putting further pressure on gold.
Among other precious metals, spot silver fell 0.6% to $51.40 an ounce, while palladium slipped 0.3% to $1,024.48. (QNA)