* Spot gold was down 0.2% at $1,755.89 an ounce, by 0107 GMT, after falling to its lowest level since July 29 at $1,753.68 at the start of trading Asians. For the week so far, the metal is down 2.5%.
* US gold futures fell 0.1% to $1,769.20.
* The dollar hit a one-month high against its rivals, making gold more expensive for buyers holding other currencies. [USD/]
* The Fed must keep raising borrowing costs to rein in high inflation, a series of U.S. central bank officials said on Thursday, even as they debated the speed and scale of the increases.
* St. Louis Fed President James Bullard said he is currently tilting for a third consecutive 75 basis point interest rate hike in September.
* San Francisco Fed President Mary Daly said a rate hike of 50 or 75 basis points at the Fed’s next policy meeting on September 20-21 would be “reasonable”.
* Gold is very sensitive to rising US interest rates, as these increase the opportunity cost of holding non-performing bullion.
* Meanwhile, benchmark 10-year US Treasury yields were near a one-month high earlier this week. [US/]
* In minutes of their July meeting released on Wednesday, Fed officials said the pace of future rate hikes would depend on upcoming economic data, as well as assessments of how the economy was adjusting at the higher rates already approved.
* Thursday’s data showed the number of Americans filing new claims for unemployment benefits fell last week.
* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.32% to 985.83 tonnes on Thursday. [GOL/ETF]
* Spot silver fell 0.4% to $19.44 an ounce, platinum fell 0.3% to $908.50 and palladium slipped 0.5% to 2,143, $66.