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Gold prices dropped on Thursday.
Moreover, prospects for more U.S. interest rate hikes and a subdued outlook for global economic growth bolstered the dollar.
Spot gold inched down 0.3 percent at $1,653.79 per ounce, as of 0404 GMT, after rising about 2 percent in its biggest daily gain since March on Wednesday.
U.S. gold futures declined 0.5 percent to $1,662.40.
