India, Oct. 20 -- Gold prices traded lower on Tuesday as rising oil prices rekindled inflation and interest-rate concerns.
Spot gold dropped half a percent to $4,120 an ounce while U.S. gold futures were down half a percent at $4,138.22 as investors assess the probabilities of changes to the Fed rate.
The U.S. dollar consolidated recent gains in quiet trading as investors fret over rising debt levels in Europe and tightening financial conditions.
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