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Gold plumbs three-month trough
Gold prices fell on Wednesday as markets reassess likely monetary policy decisions by the Federal Reserve in upcoming months.
Such losses came after higher US treasury yields, as data showed US inflation rose more than expected in January, likely leading the Fed to delay the timeline of interest rate cuts.
Later this week, important data on US producer prices and retail sales data will provide important clues on the path ahead for Fed policies.
Otherwise, the dollar index fell 0.2% as of 19:16 GMT to 104.7, with a session-high at 104.9, and a low at 104.6.
On trading, gold spot prices fell 0.2%, or $3.30 as of 19:17 GMT to $2003.9 an ounce, a mid-November low.
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