Bears recapture bullion markets on persistent dollar frenzy

17.10.2022

Gold prices on Friday fell more than 1% and face their worst week in nearly two months, dragged lower by a stronger U.S. dollar and worries over the Federal Reserve potentially continuing with big rate hikes to curb inflation.

Spot gold was down 0.8% at $1,651.89 per ounce by 10:33 a.m....