Gold futures prices turned lower after touching their highest level in more than a month, affected by a stronger dollar and rising US Treasury yields.
During Tuesday's trading, gold futures for August delivery fell 0.2%, or $6.50, to $3,399.90 per ounce, after touching $3,416.30, the highest level since June 18.
Spot gold fell 0.35%, or $11.79, to $3,385.26 per ounce, as of 8:53 a.m. Mecca time.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose slightly by 0.1% to trade at 97.96.
While silver futures for September delivery fell 0.75% to $39.04 per ounce, spot platinum prices were steady at $1,450.64, and palladium prices were virtually unchanged at $1,260.79.
The European Central Bank is expected to keep interest rates unchanged at 2% at the conclusion of its monetary policy meeting on July 24, following a series of easing decisions in recent months
-255*160.webp)
-255*160.webp)
