Gold futures settled lower on Tuesday, weighed down by a stronger dollar and higher Treasury yields, amid expectations the Federal Reserve will start tightening its monetary policy to rein in inflation.
Remarks by Federal Reserve Governor Lael Brainard at a Minneapolis Fed conference that the central bank would start reducing its balance sheet at a "rapid pace" as soon as the May meeting, pushed up the dollar and dimmed the demand for the safe-haven yellow metal.
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