Spot gold declined 0.7% to $4,037.98 per ounce on Thursday as investors evaluated Federal Reserve rate signals and awaited key U.S. inflation figures.
The Federal Reserve maintained interest rates in the 3.75%-4.00% range on Wednesday, delaying policy changes past upcoming U.S. midterm elections.
Traders are currently pricing in a 78% probability of a rate hike in December, down from 84% prior to the policy announcement.