Reuters/David Gray Gold hit its lowest level of the year. Federal Reserve Chair Jerome Powell signaled the central bank will continue rate hikes. Follow the yellow metal in real time here. Gold hit its lowest level of the year on Tuesday as the dollar soared. The yellow metal was down about 1% to $1,226.38 at 11:30 a.m., while the greenback held close to 2018 highs at 94.74 on the Dollar Index.See the rest of the story at Business InsiderNOW WATCH: What happens when you hold in your pee for too longSee Also:Amazon is making it harder and harder to quit PrimeI've taken AncestryDNA, 23andMe, and National Geographic genetics tests — here's how to choose one to tryMorgan Stanley says a dreaded recession indicator is coming within the next year — here's its game plan to help investors get readySEE ALSO: IMF: The US trade war could cost the global economy $430 billion