Gold prices stabilized today, Wednesday, after rising to record levels last week, amid a rise in the dollar and US Treasury bond yields.
Gold settled in spot trading at $2,381.68 per ounce by 0337 GMT, after hitting an all-time high of $2,431.29 on Friday. US gold futures fell 0.4 percent to $2,397.70.
The dollar settled near a five-month peak. Standard 10-year US Treasury bond yields rose to 4.6591 percent, hovering near the highest level in five months recorded in the previous session.
June.
The market expects a 68 percent chance of an interest rate cut in September, according to the CME Group's FedWatch tool.
As for other precious metals, silver rose in spot trading by 0.3 percent to $28.16 per ounce. Platinum fell 0.3 percent to $953.75, and palladium rose 0.4 percent to $1,017.58.
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