Gold rebounded from seven-month lows hit on Friday, but its upside remained capped by strong US economic data
Bullion ended 1.3 per cent lower on Tuesday after the consumer-price index figures were released
Bullion has mainly fluctuated between $1,700 an ounce and $1,720 in September after several months of declines
Higher rates weigh on non-interest bearing bullion
Bullion just capped a fourth straight week of gains, the longest such run in almost a year
Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve
The gold price decline in recent months has come as the US central bank started its hiking cycle
Investors continue to seek a store of value amid the uncertainty
The crisis in Europe is disrupting flows of energy, grains and metals
Bullion fell last year in its biggest annual decline since 2015
The global economic recovery has piled pressure on bullion this year
Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines
Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth