* Fed Chair Jerome Powell to testify again * Gold is crypto for Boomers - analyst * U.S. dollar steady (Updates prices) By Bharat Gautam June 23 (Reuters) - Gold prices eased on Thursday, pressured by expectations of aggressive interest rate increases after the U.S. Federal Reserve chief doubled down on the central bank's fight against inflation. Spot goldXAU= fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futuresGCv1 eased 0.1% to $1,835.60. "With (Fed Chair Jerome) Powell pointing out overnight that 1% rises were a real possibility, it's a reminder of that constant pressure on gold prices from rising interest rates," said Michael McCarthy, chief strategy officer at Tiger Brokers, Australia.urn:newsml:reuters.com:*:nL1N2Y917N urn:newsml:reuters.com:*:nW1N2X9040 When asked by a member of the Senate Banking Committee if the Fed could raise rates by as much as 100 basis points at once, Powell said he would never take anything off the table, and officials would make whatever moves were needed to restore price stability.urn:newsml:reuters.com:*:nW1N2WO016 Gold is often viewed as a hedge against inflation and a safe haven during economic crises, like recession, but saw some gains after Powell's statement as Treasury yields bore the brunt of it.US/ Higher interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. Powell is due to testify again in Washington D.C. later on Thursday. "Gold is expected to follow the commodity complex down. It is more likely for gold to trade below $1,800/oz in the next two weeks than not," said Michael Langford, director at corporate advisory AirGuide. "Gold is crypto for Boomers, it has no meaningful industrial usage and is a psychological store of value much in the same way crypto was for the younger generation." The dollar=USD firmed at elevated levels after some losses in the previous session, hurting demand for greenback-priced bullion among buyers holding other currencies.USD/ Spot silverXAG= dropped 0.5% to $21.28 per ounce, platinumXPT= fell 0.2% to $924.22, and palladiumXPD= rose 0.6% to $1,874.23. (Reporting by Bharat Govind Gautam in Bengaluru; Editing by Shailesh Kuber and Subhranshu Sahu) ((BharatGovind.Gautam@thomsonreuters.com;))

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