Gold Steady as Investors Assess US Tariff Proposals

Washington: Gold prices were little changed today, caught between safe-haven demand following US President Donald Trump's new tariff proposals for trading partners, and rising Treasury yields that capped any upside momentum. Spot gold eased 0.1% to $3,331.85 per ounce, while US gold futures remained steady at $3,341.80.

According to Oman News Agency, the yield on benchmark US 10-year notes hovered near a two-week high, which has influenced the gold market by limiting potential gains. The stability in gold prices reflects the broader market's response to the economic uncertainties posed by the new tariffs and the simultaneously rising interest rates.

In other precious metals, spot silver held steady at $36.75 per ounce. Meanwhile, platinum experienced a slight dip, falling 0.1% to $1,368.93 per ounce. In contrast, palladium saw a modest increase, rising 0.2% to $1,112.88 per ounce, showcasing mixed reactions within the precious metals market amidst the ongoing economic developments.

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