According to Jin10, gold prices fell on Wednesday as a stronger dollar and hawkish remarks from Federal Reserve officials reinforced expectations for tighter monetary policy. The dollar rose to a two-month high, making dollar-denominated gold more expensive for investors holding other currencies. Saxo Bank head of commodity strategy Ole Hansen said gold continued to trade within a narrow $4,300 to $4,400 range, and that Federal Reserve officials' comments and their impact on U.S. interest rates, bond yields, and the dollar, as well as oil price moves, were providing the main direction for short-term traders. Richmond Fed President Thomas I. Barkin said on Tuesday that rate hikes and the threat of further hikes could curb firms' inflation expectations and cool price increases without really dragging on economic activity.