Gold Nears Lowest Level in a Week as Dollar Rises

Gold prices hovered near their lowest level in more than a week on Wednesday, pressured by the strengthening dollar and rising Treasury yields. New tariff threats from U.S. President Donald Trump added to market instability.

By 02:34 GMT, gold in spot trading reached 3301.50 dollars per ounce. U.S. gold futures dropped 0.2% to 3310.10 dollars.

The dollar index stabilized after nearing its highest point in two weeks late on Tuesday. Meanwhile, the yield on the 10-year U.S. Treasury note remained close to its three-week high.

Among other precious metals, silver in spot trading decreased 0.5% to 36.58 dollars per ounce. Platinum declined 0.8% to 1348.78 dollars, while palladium fell 0.4% to 1106.29 dollars.