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Chair Fed Jerome Powell

Chair Fed Jerome Powell
FILE PHOTO: Gold bars and coins . REUTERS/Michael Dalder/File Photo

KONTAN.CO.ID - LONDON. Gold prices dipped on Wednesday as a stronger dollar and Federal Reserve Chair Jerome Powell's hawkish comments to shore up U.S. interest rate increases dimmed non-yielding bullion's appeal.

Spot gold was down 0.2% at $1,810.62 per ounce by 1233 GMT, erasing small gains from earlier in the session that seemed to have been driven by limited safe-haven inflows amid growth risks tied to soaring inflation.

U.S. gold futures fell 0.6% to $1,807.70.

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