June 22 (Reuters) - Gold fell on Thursday to hold close to a three-month low hit a day earlier after U.S. Federal Reserve Chair Jerome Powell reiterated that more interest rate hikes were likely to tame inflation.

Spot gold was down 0.3% to $1,927.38 per ounce by 1040 GMT, a day after having hitting its lowest since March 17. U.S. gold futures fell 0.4% to $1,937.60...[LINK]