Gold dips below $4,000

Spot gold fell 0.2% on Thursday to $3,981.49 an ounce, its lowest level in more than a week, while U.S. gold futures slipped 0.3% to $3,987.50. Gold came under pressure as the dollar climbed to a 19-month high, following higher-than-expected U.S. inflation data and hawkish remarks from Federal Reserve officials that strengthened bets on a 50-basis-point rate hike in December.

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