Gold futures settled slightly lower on Thursday, after US inflation rose more than expected triggering chances of sharper interest rate hikes by Federal Reserve. However, retreat in US dollar capped some losses in the session.
Gold futures for December declined 50 cents or 0.1% to settle at $1677.00 ounce on the Comex division of the New York Mercantile. While, spot gold added by $2.39 or 0.14% or $1,668.76 per ounce.