Gold prices on Tuesday fell for a seventh consecutive session to its lowest since March.
Spot Gold was down 0.6% to $1,817 per ounce by 0306 GMT, falling for a seventh consecutive session to its lowest since March 9.
US gold futures fell 0.7% to $1,833.40.
The dollar scaled a 10-month peak, while Treasury yields hovered near 16-year highs.
Fed officials say monetary policy will need to stay restrictive for “some time” to bring inflation back down to the its 2% target.
Higher rates raise opportunity cost of holding bullion, which is priced in dollars and does not yield any interest.
Spot silver dipped 1.4% to $20.77 per ounce, its lowest level in six and a half months.
Platinum edged down 0.8% to a one-year low of $869.90, while palladium fell 0.1% to $1,200.04.
Source: Qatar News Agency