Bullion turns bearish on US monetary policy switch

25.04.2022

Gold prices fell 1% on Friday and were set for their biggest weekly decline since mid-March, as hawkish comments from the head of the U.S. Federal Reserve boosted Treasury yields and the dollar and dented zero-yielding bullion's appeal.

Spot gold was down 1% to $1,931.71 per ounce at 1203 GMT, after...