Bullion takes one more blow on greenback frenzy


Gold slumped more than 2% to a near one-year low on Thursday, as the dollar extended its sharp rally while expectations grew for a steep interest rate hike from the Federal Reserve.

Spot gold fell 1.8% to $1,704.87 per ounce by 1427 GMT. U.S. gold futures lost 2.1% to $1,698.90.

The dollar...