Gold slips as Fed rate-hike expectations buoy dollar

Spot gold fell 0.5 percent to $4,087.68 per ounce, hitting its lowest level since June 11, as a stronger dollar and expectations of three US Fed rate hikes this year weighed on bullion. US gold futures for August delivery declined 1.1 percent to $4,105.40. Silver, platinum, and palladium also slipped between 0.9 and 1.2 percent, while traders await the US PCE inflation data due Thursday for further cues.