Gold futures are lingering close to a two-month low of $1900 on Tuesday amid aggressive Fed rate hike bets after hawkish comments by various FOMC officials last week, including Fed Chair Jerome Powell, reaffirmed bets for a more aggressive policy tightening by the Fed. Besides, an uptick in the US bond yields and strong US dollar further undermined the yellow metal. COMEX Gold is currently quoting at $1906.70 per ounce. Markets also fretted over the economic fallout from Chinas COVID-19 lockdowns.
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