Gold declined for a sixth day, its longest losing streak since late 2024, as Federal Reserve Chair Jerome Powell said higher energy prices will push up overall inflation. Bond yields and the dollar extended gains as Powell said it’s important to keep interest rates mildly restrictive, while traders scaled back their expectations for a reduction this year. That sent bullion down by 3% as it’s priced in the US currency and typically performs well in a lower-rate environment. Most Read from Bloomberg In a ...