Gold falls on stronger-than-expected inflation data

CHICAGO, Jan. 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as U.S. inflation data was higher than expected.

The most active gold contract for February delivery fell 8.60 U.S. dollars, or 0.42 percent, to close at 2,019.20 dollars per ounce.

The U.S. Labor Department reported Thursday that U.S. consumer price index (CPI) increased 0.3 percent in Dec