Washington: Gold prices inched lower on Thursday as a stronger U.S. dollar weighed on the precious metal, while investors focused on upcoming U.S. inflation data that could influence interest rate decisions.

Spot gold fell 0.2% to $4,084.29 per ounce, while U.S. gold futures for December delivery rose slightly to $4,100.90 per ounce. The dollar index gained 0.2%, making gold more expensive for buyers using other currencies.

Analysts expect short-term volatility in gold prices but maintain a long-term positive outlook. The U.S. Consumer Price Index (CPI) report, due on Friday, is anticipated to show core inflation steady at 3.1% for September. A 25-basis-point rate cut at the next Federal Reserve meeting could support gold due to its non-yielding nature.

Geopolitical developments are a

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