Gold prices fall slightly as dollar, US bond yields rise

Gold prices fell on Thursday under pressure from a stronger dollar and US Treasury yields, while investors await a key inflation report to assess the path of the Federal Reserve’s monetary policy.

Spot gold prices fell 0.1 percent to $2,912.94 an ounce, while US gold futures fell 0.1 percent to $2,927.20.

In contrast, the dollar index rose 0.2 percent, moving away from its lowest levels in 11 weeks, and US 10-year Treasury yields recovered from their previous losses.

As for other metals, silver was steady at $31.84 an ounce, while platinum fell 0.1 percent to $964.95, and palladium fell 0.1 percent to $926.03.