Gold price hovers near $4,300, suppressed by interest rate hike expectations

```htmlGold prices remained largely flat, hovering around $4,300 per ounce, as market expectations that the Federal Reserve may further raise interest rates weighed on gold. In early European trading, New York gold futures traded unchanged at $4,316.30, suppressed by a stronger US dollar and US Treasury yields rising to multi-year highs. Mitsubishi UFJ analysts stated: "Federal Reserve officials continue to maintain a hawkish stance, with Governor Barr indicating that further policy tightening may be necessary. As the market is currently pricing in at least three more rate hikes before April, elevated yields and inflation driven persistently by energy remain major headwinds facing gold."```