Gold prices fell 0.71% to $4,257 as the dollar strengthened and risk assets came under renewed pressure. The dollar index, or DXY, rose to 101.24 in the earlier report and 101.2 on Thursday, reflecting rounding and timing differences, and remained near its highest level since July. The advance marked the dollar’s fourth consecutive winning session and longest streak since May. U.S. equity futures also declined, with S&P 500 futures down 0.61% and Nasdaq 100 futures losing more than 1%, while Bitcoin and ether moved lower with the broader market. Markets were pricing in nearly a 64% chance of another 25-basis-point Federal Reserve rate increase in October, as hawkish officials’ comments and higher oil prices reinforced inflation concerns. Treasury yields and the stronger dollar increase the opportunity cost of holding physical gold, which pays no interest, dividends or other income, and make dollar-denominated bullion more expensive for overseas buyers. Oil prices rose amid elevated tensions between the United States and Iran and limited progress in talks on the sidelines of the United Nations General Assembly, while U.S. diesel prices reached a new record high. The dollar strengthened against the Swiss franc after the Swiss National Bank held rates at 0%, and the Japanese yen fell to three-week lows.