Gold Falls 0.3% as Treasury Yields Rise, Dollar Firms

Singapore, May 20 (QNA) – Gold prices nudged lower on Wednesday, as rising ⁠Treasury yields and a firm dollar outweighed optimism over a potential US-Iran peace agreement.

Spot gold was down 0.3 percent at USD 4,467.59 per ounce. In the previous session, bullion hit its lowest level since March 30.

US gold ‌futures for June delivery lost 0.9 percent to USD 4,471.10.

Spot silver fell 0.8 percent to USD 73.22 per ounce, platinum slid 0.5 percent to USD 1,912.67, while ​palladium rose 0.2 percent to USD 1,356.32. (QNA)