[Fed Officials' Hawkish Remarks Strengthen Tightening Expectations, Gold Prices Retreat] Odaily Planet Daily News – Due to the strengthening of the U.S. dollar and hawkish remarks from Federal Reserve officials, market expectations for tighter monetary policy have been further reinforced, causing gold prices to decline within a fluctuating range. The U.S. dollar rose to a two-month high, making gold, which is priced in dollars, more expensive for investors holding other currencies. Ole Hansen, Head of Commodity Strategy at Saxo Bank, stated: 'Gold continues to trade within the established narrow range of $4,300 to $4,400. The statements from Fed officials, along with their impact on U.S. interest rates, bond yields, and the dollar, as well as oil price trends, collectively provide key directions for short-term traders.' Richmond Fed President Thomas Barkin said on Tuesday that rate hikes and the threat of further increases in the future could curb businesses' inflation expectations and cool price rises without significantly dragging down economic activity.