Bullion: Easing inflationary concerns cap upside

Gold fell in New York for the third straight session after the prices paid to US producers matched the biggest monthly slide ever in October, reducing the precious metal's appeal as a hedge against inflation. The 1.6% drop in the prices paid to factories, farmers and other producers followed a 1.3% decline in September. Analysts expect the USA to report lower consumer prices on November 16, which would put further pressure on gold.

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