Gold futures turned lower in Asia as the US dollar index jumped to three year high above 99.50 and Treasury yields hit multi-year highs after Fed Governor Lael Brainard said overnight that she expected a combination of interest rate rises and a rapid balance sheet runoff to take US monetary policy to a more neutral position later this year. This pulled Gold down after the metal had edged up above $1940 per ounce on safe buying support given the additional sanctions against Russia and volatile equities. However, the latest comment from Fed official has pulled it near $1920 per ounce, down 0.23% on the day.
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