Gold slips as US Treasury yields rise

Gold bars

Gold futures fell on Wednesday as US Treasury yields climbed, with market sentiment rattled by fresh tariff threats from US President Donald Trump.

August gold futures dropped 0.45%, or $14.5, to $3,302.4 per ounce in early trading.

Spot gold also declined 0.3%, or $10.06, to $3,291.86 an ounce as of 8:48 a.m. Mecca time.

The US dollar index, which measures the greenback against a basket of six major currencies, was little changed, trading at 97.57.

Elsewhere in the precious metals market, September silver futures rose 0.35% to $36.89 an ounce. Spot platinum fell 1.4% to $1,352.46, while spot palladium gained 0.2% to $1,114.07.

Investors are now awaiting the release of the US Federal Reserve’s June meeting minutes, due later today, for clues on the central bank’s monetary policy outlook amid ongoing trade tensions.