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Gold traded near $4,350 an ounce on Tuesday, extending losses from the previous session as hawkish comments from Federal Reserve officials strengthened expectations for further US interest rate hikes. On Monday, Chicago Fed President Austan Goolsbee said the central bank must account for persistent supply shocks, while
Gold traded around $4,460 an ounce after falling more than 3% last session. Hawkish comments from Fed Chair Kevin Warsh revived expectations for an imminent September rate hike, lifting pricing for a 25-basis-point move to around 57%.