Fed Fusillade Sends Gold to $100 Loss This Month as Dollar Rises

  • Bullion dips below $1,200 as price falls for the ninth day
  • Key risk ‘whether they will hike twice,’ says UBS’s Gordon

One-kilogram gold bars are arranged for a photograph at a Tanaka Kikinzoku Kogyo K.K. store in Tokyo.

Photographer: Kiyoshi Ota/Bloomberg

Gold’s on the ropes. Bullion broke below $1,200 an ounce on Monday after losing about $100 in less than a month as Federal Reserve policy makers land punch after punch by talking up the prospects for a U.S. interest rate rise, reinvigorating the dollar.

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