Gold dips below $4,000 an ounce

Spot gold fell 1.1% to $3,986.79 an ounce, slipping below the $4,000 mark as the U.S. dollar climbed to its highest level in four weeks. The decline came after higher-than-expected U.S. inflation data and comments from monetary policymakers boosted bets on tighter monetary policy and interest-rate hikes.

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