Gold Hits Over One-Month High as Dollar Declines

On Tuesday, gold prices reached their highest level in over a month, boosted by a declining dollar and lower U.S. Treasury yields. Investors are eagerly awaiting any progress in trade talks, with a critical deadline approaching on the first of August.

By 0503 GMT, gold in spot transactions saw little change, remaining steady at $3389.98 per ounce. Earlier in the session, the precious metal achieved its highest mark since June 17.

Meanwhile, U.S. gold futures held firm at $3402.90.

Other precious metals displayed mixed performances, with silver dropping 0.5% in spot dealings to $38.71 per ounce. Conversely, platinum saw a modest rise of 0.3%, reaching $1442.55, while palladium fell 1.3% to $1250.19.