Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.
Spot gold was little changed at $1,734.59 per ounce by 0916 GMT after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. US gold futures rose 0.1% to $1,733.60.
Junk spreads have surged 100 basis points the past two weeks as the Federal Reserve's efforts to tame inflation fuel concerns that the central bank will push the economy into a recession
Spot gold was down 0.3% at $1,847.90 per ounce as of 0956 GMT and US gold futures had declined 0.3% to $1,850.50.
The yen is sensitive to interest rate differentials between Japanese debt and US bonds.
Spot gold was up 0.1% at $1,851.98 per ounce, as of 0752 GMT, while US gold futures rose 0.2% to $1,854.60.
Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward
Global economy is reeling from new supply shocks
In its latest policy update, the Fed signaled it is likely to raise U.S. interest rates in March
The Dow Jones Industrial Average fell 569.38 points, or 1.63%, to 34,299.99
Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in "The Big Short," is wagering that long-term US Treasuries will fall.
The STOXX Europe 600 index was up 1%, recovering more than half of the prior session's decline, but still on course to record the second straight week of losses.
US Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs
A majority of analysts in Reuters polls, however, were split on the duration of the greenback's bullish trend and forecast its allure to fade in a year.
Gold heads for weekly rise on subdued US Treasury yields, dollar
Bond yields spiked after the Federal Reserve pledged to tolerate inflation and keep monetary policy loose through 2023
"Markets are increasingly reflecting a unified Democratic government outcome that may lead to a significant fiscal expansion," Blackrock said
China, the second largest non-U.S. holder of Treasuries, held $1.074 trillion in June, down from $1.083 trillion the previous month, according to latest official data
The biggest foreign holder of US government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month