Gold futures settled lower for fourth straight session on Thursday, pressured by the elevated interest rate outlook. The yellow metal is hovering near six- month lows ahead of the closely eyed US inflation data due later in the day.
Gold futures for December delivery dipped by $12.30 or 0.65% to settle at $1878.60 ounce on the Comex division of the New York Mercantile. While, spot gold shrunk by $1.31 or 0.07% at $1,863.56 per ounce.