Gold Prices Drop Amid Rising U.S. Treasury Yields

Amman– Gold prices fell on Wednesday, pressured by the rise in U.S. Treasury yields and a stronger dollar, after data suggested that the Federal Reserve (U.S. central bank) may slow the pace of interest rate cuts this year.اضافة اعلان

According to Bloomberg News, the price of gold in spot transactions dropped by 0.1% to $2,648.16 per ounce, while U.S. gold futures also declined by 0.1% to $2,662.30 per ounce.

Regarding other precious metals, silver rose by 0.3% to $30.11 per ounce, platinum fell by 0.5% to $946.11, and palladium dropped by 0.2% to $923.87.