Daily Market Updates: Gold drops more than 2% to a two-week low as yields rise

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Gold drops more than 2% to a two-week low as yields rise

Spot gold fell 2.4% to $4,342.20 per ounce, extending losses after bullion slipped below its 200-day moving average.

Reported · Written up by our desk · Precious Metals

Gold prices fell more than 2% on Tuesday to a two-week low, driven by elevated Treasury yields and a stronger U.S. dollar, according to Reuters via LiveMint Markets.

The move also followed technical pressure, with bullion breaking below its 200-day moving average around $4,528 on August 28, which contributed to additional selling.

U.S. Treasury yields rose to their highest since January 2025 as Middle East tensions stoked inflation fears and triggered a broader bond selloff, increasing the opportunity cost of holding non-yielding bullion.

Spot gold was down 2.4% at $4,342.20 per ounce by 2:02 p.m. ET after earlier hitting $4,362.89, while spot silver fell 2.9% to $64.57. Platinum declined 1.9% to $1,756.58 and palladium dropped 3.2% to $1,312.13.

Latest closeGold $4,376.80 ▼1.2%|Silver $64.72 ▼2.3%|Platinum $1,749.10 ▼2.2%

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Sources

LiveMint MarketsGold falls to two-week low as rising Treasury yields, dollar weigh

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Gold drops more than 2% to a two-week low as yields rise

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