India, Oct. 30 -- Gold traded lower on Friday and was on course for a second consecutive monthly loss on concerns over rising crude oil prices and expectations of a Federal Reserve interest-rate rise in December.
Spot gold fell 0.7 percent to $3,992.71 an ounce after dropping more than 1 percent in the previous session. U.S. gold futures were down 0.7 percent at $4,001.87.
After a stronger September U.S. inflation reading, traders currently price in about a 75 percent chance of a rate hike in December, according to CME's FedWatch Tool.
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