WASHINGTON (dpa-AFX) - Gold prices inched lower on Thursday as traders kept a closer eye on activity in the bond and currency markets.
Spot gold fell 0.6 percent to $1,649.39 per ounce, while U.S. gold futures were down 0.8 percent at $1,656.95.
The dollar tightened its hold on the currency markets after the Fed's Atlanta president Raphael Bostic said he favored raising rates by three-quarters of a percentage point at the November policy meeting and by half a percentage point at the December gathering.
Yields on British government bonds rose moderately while Eurozone yields fell from multi-year highs as British Prime Minister Liz Truss doubled down on her tax cutting and borrowing plans.
In economic releases, a measure of economic sentiment in the euro area deteriorated again in September, the European Commission said.
The corresponding index - an aggregate measure of business and consumer confidence-dropped to 93.7 from 97.3 in August, the lowest reading since November 2020, weighed by high inflation and a darkening economic outlook.
German data due later in the day is expected to show consumer prices rising at the fastest rate since the 1950s.
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