Bullion pressed by persistent dollar frenzy

11.10.2022

Gold prices ticked lower on Monday, having shed nearly 1% in the previous session, as strong U.S. jobs data cemented the view that the Federal Reserve would continue its policy of aggressive interest rate hikes.

Spot gold was down 0.1% at $1,693.19 per ounce, as of 0100 GMT, while U.S. gold...