Spot gold is down more than 1% intraday at $4,285.07/oz; New York gold futures are down more than 1% at $4,331.60/oz.

G20主席国声明：央行独立性对货币政策的实施至关重要。

BCA Research analyst Felix Vezina-Pouliot said government bond yield volatility is likely to become a key driver of risk asset prices. Sovereign yields have risen to multi-year highs as elevated oil prices stoke inf concerns. "For equities, the absolute level of yields matters less than the speed of change; implied interest-rate volatility is a more useful gauge of equity risk," he said. Fed chair KEVIN WARSH signaled last week readiness to act to curb inf, which should help keep yield volatility relatively contained.