With the increase in the yield on US Treasury bonds, gold prices are declining 1%, while investors are expecting a tightening of the US Federal Reserve policy.
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US gold futures fell 0.4%
Gold prices fell 1% on Thursday, as yields on US Treasuries increased and risk appetite bolstered, while investors anticipate a tightening of policy from the US Federal Reserve.
And by 17:44 GMT, gold fell in spot transactions 0.6% to $ 1946.73 an ounce, after hitting its lowest level since April 8.
And US gold futures fell 0.4% to settle at $1948.20 an ounce.
And the yield on US Treasury bonds rose, heading towards the highest level in more than three years, which was recorded on Wednesday.
It is noteworthy that gold is very sensitive to increasing US interest rates and the yield on Treasury bonds because this makes the dollar-denominated metal less attractive to holders of other currencies.
As for other precious metals, silver fell 2.5% to $24.54 an ounce, after hitting its lowest level in two weeks earlier.
Platinum fell 1.9% to $968.15 an ounce. Palladium also fell 1.9% to $2404.62 an ounce.