Gold futures fall 0.4% to $2,596.30 a troy ounce. The precious metal had risen earlier in European trading, but looks set to end a fourth consecutive session down.
The precious metal has faced significant downward pressure since Donald Trump won the U.S. presidential election. The U.S. dollar and Treasuries significantly rose after Trump's victory, reducing the appeal of non-yielding safe-havens like bullion.
Trump's planned tax cuts and tariffs are also viewed as likely to boost inflation, decreasing the chances of further sizeable Federal Reserve interest rate cuts. Meanwhile, the latest Consumer Price Index data release on Wednesday showed consumer prices rose as expected, increasing the likelihood of a rate cut in December.
Source : Dow Jones Newswires
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