Gold slips 0.7% as markets weigh Fed hold and await US inflation data

Spot gold fell 0.7% to $4,037.98 an ounce on Thursday as investors assessed signals from the US Federal Reserve and Chair Kevin Warsh after rates were held at 3.75%-4.00%. December gold futures steadied at $4,049.80. Traders now see about a 78% chance of a December rate hike, down from 84%, while awaiting key inflation data.