Gold Prices Decline as US Dollar and Treasury Yields Rise

On Thursday, the precious metal saw a decrease in value as the United States dollar and Treasury yields experienced moderate gains. This shift comes after US President Donald Trump announced a potential delay in the implementation of tariffs on Canada and Mexico until April 2, diverting attention from gold investments.

Investors Await US Economic Reports

Investors are eagerly anticipating the latest US economic reports, which are expected to provide insights into the state of the world's largest economy. Among these reports, the country's gross domestic product (GDP) data is set to be released before the stock markets open today, potentially influencing market trends.

Market Movements

At 3:16 am ET, gold prices fell by 1%, reaching $2,887.53 per ounce. Shortly after, silver prices also dipped by 0.27%, settling at $31.72 per ounce. In contrast, platinum saw a slight increase of 0.16%, selling for $979.64 per ounce, while palladium gained 0.18%, priced at $920.13 per ounce.