Bullion posts losses on rallying dollar


Gold fell 1% on Monday after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve.

Spot gold fell 0.8% to $1,855.19 per ounce by 1021 GMT, retreating from a more than one-month high of $1,877.05...