Bullion consolidates around $1,700 per ounce

18.07.2022

Gold prices dropped on Friday, staying on course for a fifth straight weekly decline, as a relentless surge in the dollar and fears of a more aggressive U.S. interest rate hike weighed on demand for bullion.

Spot gold was down 0.3% at $1,704.59 per ounce, as of 0702 GMT, and has...