According to CoinMeta, gold remains volatile as the market weighs the decline in oil prices against the pressure of interest rate hikes. After rising on Tuesday, gold stabilized, with traders focusing on whether the drop in oil prices will alleviate concerns about energy-driven inflation, as well as the pressure posed by high yields on U.S. Treasury bonds. The yield on 30-year U.S. Treasury bonds rose for the sixth consecutive trading day on Tuesday, reaching its highest level since 2002. Higher bond yields typically diminish the attractiveness of gold, which does not pay interest. The market will closely monitor the U.S. personal consumption expenditure data, which is favored by the Federal Reserve as an inflation indicator, to be released later on Wednesday, as well as the non-farm payroll data on Friday, in search of clues regarding future interest rate trends.