Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low. Spot gold XAU= was 0.1 percent lower to $1,921.60 per ounce by 8 a.m. EDT (1200 GMT). U.S. gold futures GCv1 were down 0.2 percent at $1,924.40. Gold touched its lowest level since March 29, a move that came a day after Fed Governor Lael Brainard’s comments bolstered expectations for aggressive action by the U.S. central bank to tame inflation. Brainard’s remarks propelled the U.S. dollar and Treasury yields to multi-year highs, dimming gold’s appeal. The Fed is due to release the minutes from its March 15–16 Federal Open Market Committee policy meeting at 2 p.m. EDT (1800 GMT). “Gold could dip back into sub-$1,900 territory if the FOMC minutes or the Fed speak in the coming days offer …
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