Gold Prices Edge Higher Amid Declining US Treasury Yields

Gold prices have edged higher on Tuesday as US Treasury yields declined, but expectations of higher interest rates limited gains. Spot gold rose by 0.3 percent to $4,357.31 per ounce, while US gold futures for December delivery gained 0.3 percent to $4,395.

Apart from gold, other precious metals also saw an increase in prices. Spot silver rose by 0.7 percent to $66.48 per ounce, platinum gained 0.8 percent to $1,811.28, and palladium advanced 0.7 percent to $1,309.78.

The rise in gold prices is due to the decline in US Treasury yields, but higher interest rates expectations limited gains. The market is expecting a possible rate hike by the Federal Reserve, which could impact the demand for precious metals.