India, Oct. 27 -- Gold prices dipped below $4,000 an ounce on Tuesday as elevated oil prices fueled inflation concerns ahead of this week's Federal Reserve interest-rate decision.
Spot gold dropped half a percent to $3,997.85 an ounce while U.S. gold futures were down 0.7 percent at $4,010.40.
The U.S. dollar nudged higher against major peers ahead of the Federal Reserve's monetary policy announcement due on Wednesday.
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