Bullion remains on losing end due to overvalued gringo dollar

18.08.2022

Gold extended losses on Tuesday after posting its biggest drop in a month in the previous session, as a stronger dollar dented bullion's appeal, while investors watched for signs of further policy tightening by the U.S. Federal Reserve.

Spot gold fell 0.3% to $1,773.59 per ounce by 1239 GMT after falling...