(Reuters) - Gold prices fell on Thursday to a new low in more than 10 months as the dollar surged after the U.S. central bank raised interest rates for the first time in a year and signalled further rate hikes for 2017.
FUNDAMENTALS
* Spot gold > edged 0.4 percent lower to $1,139.54 an ounce by 0108 GMT. The bullion touched a new low of 1,134.71 an ounce, its lowest since Feb. 3. The yellow metal fell over one percent in the prior session.
* U.S. gold futures
* The dollar index <.DXY>, which measures the greenback against a basket of currencies, was up 0.7 percent at 102.490. The dollar hovered near a 14-year peak against a basket of major currencies on Thursday. [USD/]
* The U.S. Federal Reserve raised interest rates on Wednesday and signalled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation.
* U.S. retail sales barely rose in November and industrial production recorded its biggest drop in eight months, suggesting some loss of momentum in economic growth in the fourth quarter.
* Holdings of the SPDR Gold Trust
* Human rights groups on Wednesday welcomed a decision by Thailand to close the country's only active gold mine by the end of the year as the mine's operator said it had laid off the employees.
* The amount of gold dug up by people working informally in Mali could soon rival official production thanks to demand from domestic refineries, officials in the West African nation say.
* Turquoise Hill Resources Ltd
(Reporting by Swati Verma in Bengaluru)
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