Gold Falls 0.7% as US Dollar Rises

Gold spot fell 0.7% to $4,620.67/oz, marking a fourth consecutive decline as the dollar strengthened.
US producer prices posted the biggest annual rise in four years and consumer inflation surprised upside, boosting the US Dollar Index.
Traders cut expectations for Fed rate cuts, with some pricing in possible additional tightening amid rising oil prices.
President Trump and President Xi Jinping began talks in Beijing, with Trump issuing a hawkish Iran statement, adding geopolitical risk.