Gold extended decline for the third consecutive session in early Asia on Wednesday as dollar stayed firm ahead of crucial Fed monetary policy decision where the central bank is expected to hike interest rates aggressively to curb stubbornly high inflation. The dollar index climbed up above 110, moving closer to its highest levels in 20 years. The greenback also tracked Treasury yields higher, with the benchmark 10-year US yield rising above 3.5% to its highest since February 2011. Gold is currently quoting along the flat line at $1671.55 an ounce. Powered by Commodity Insights
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