FUNDAMENTALS
* Spot gold was little changed at $1,898.63 an ounce, 1477 GMT, after hitting its highest level since June 1 at $1,913.89 an ounce on Tuesday. US gold futures fell 0.3% to $1,901.90.
* The United States, the European Union and Britain announced plans to target banks and elites, while Germany halted a major gas pipeline project from Russia, which they say has gathered more than 150,000 soldiers near the borders of Ukraine. Moscow neither planned an invasion.
* The steps Joe Biden’s administration took on Tuesday and may take soon to punish the Russian economy for its aggression in Ukraine are not meant to hit global energy markets, a senior government department official said. American state.
* Yields on US Treasury bills rose slightly on Tuesday. [US/]
* St. Louis Fed President James Bullard has been one of the more bellicose voices in the Federal Reserve in recent months, pushing rate hikes of 100 basis points in the next three meetings.
* Higher yields and rising interest rates reduce the attractiveness of bullion by increasing the opportunity cost of holding unremunerated gold.
* Spot silver rose 0.2% to $24.13 an ounce, platinum was flat at $1,075.75 and palladium rose 0.3% to $2,353.69.