Spot gold slipped below $4,150/oz, down 0.52% intraday.

ECB executive board member Moulin said rising bond yields may dampen demand and could lead the ECB to moderate its response to inflation shocks.

At the open, China's most-active futures contracts were mixed. Shanghai tin fell over 3% and Shanghai silver dropped more than 2%; platinum, soda ash, SMR20 natural rubber, short polyester fiber, Shanghai zinc and palladium declined over 1%. On the upside, fuel oil and benzene rose over 3%; ethylene glycol (EG) and styrene (EB) gained about 2%; polypropylene (PP), bitumen, LPG, Shanghai lead, Shanghai crude (SC), plastics and PVC advanced more than 1%.