Gold little changed as traders focus on U.S. inflation

On Thursday, bullion prices fell 1% due to a firmer dollar and strong U.S. economic data that could prompt the Fed to keep interest rates higher for longer.The U.S. economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year.

Gold little changed as traders focus on U.S. inflation
On Thursday, bullion prices fell 1% due to a firmer dollar and strong U.S. economic data that could prompt the Fed to keep interest rates higher for longer.The U.S. economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the end of the year.