Bullion and peers retreat as US Federal Reserve strikes again


Gold prices retreated 1% on Thursday as the dollar bounced while investors gauged economic cues from the United States for the pace of future interest rate hikes.

Spot gold fell 0.8% to $1,761.70 per ounce by 1322 GMT. U.S. gold futures fell 0.6% to $1,761.60.

"Gold appears to have run out of...