India, June 25 -- Gold prices were subdued on Thursday, with a stronger dollar and rising expectations of a Federal Reserve rate hike this year weighing on the precious metal.
Spot gold dipped 0.3 percent to $3,989 an ounce, hovering near its lowest since November after having fallen below $4,000 an ounce to hit a more than seven-month low in the previous session. U.S. gold futures were down 0.1 percent at $4,005 an ounce. The dollar headed for its biggest monthly gain in almost a year ahead of the release of key U.S. economic data later in the day.
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