Gold falls for fourth consecutive session

Spot gold fell 0.1% to $4,119.37 per ounce, while silver dropped 1.1% to $57.35.

Rising oil prices, which have intensified concerns about global inflation, along with expectations surrounding the Federal Reserve's (Fed) interest rate policy, weighed on precious metals.

Ahead of the Fed's October 28 meeting, investors are closely monitoring US Treasury yields, movements in the dollar, and energy prices. Expectations that interest rates could remain elevated for an extended period continue to put pressure on non-yielding gold.