Bullion gets fresh blow as risk appetite is back in vogue


Gold prices dropped more than 1% to a three-week low on Wednesday as the dollar and U.S. Treasury yields climbed amid bets of more steep rate hikes from the Federal Reserve, reducing the appeal of zero-yield bullion.

Spot gold fell 1.2% to $1,632.20 per ounce by 1221 GMT, its lowest since...