Gold Prices Drop as Dollar Strengthens

Gold prices fell on Thursday as the dollar strengthened and expectations of a Federal Reserve interest rate cut in December decreased, while investors awaited a U.S. jobs report.

Spot gold dipped 0.1 percent to $4077.13 per ounce by 0305 GMT. U.S. gold futures for December delivery slipped 0.2 percent to $4075.80 per ounce.

The dollar index rose to a more than two-week high against major currencies, making gold more expensive for holders of other currencies.

In other precious metals, spot silver increased 0.2 percent to $51.44 per ounce, platinum rose 0.9 percent to $1559.54, and palladium climbed 1.1 percent to $1395.37.