Bullion reverses surge as dollar frenzy resumes


Gold prices retreated on Thursday as the U.S. dollar firmed on concerns that rising interest rates would spark a global recession, making greenback-priced bullion more expensive for overseas buyers.

Spot gold was down 0.2% at $1,656.59 per ounce, as of 0142 GMT. In the previous session, bullion rose as much as...