Gold: Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger US dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve’s interest rate cuts. Spot gold was down 0.6% at $2,559.39 per ounce, after hitting its lowest since Sept. 19 earlier in the session. US gold futures fell 0.9% to $2,564.00.

According to Qatar News Agency, the US dollar advanced to a one-year high, making gold more expensive for overseas buyers, while Treasury yields rose to their highest since July. Data released on Wednesday showed that US consumer prices increased as expected in October.

Additionally, spot silver fell 0.9% to $30.05 per ounce, its lowest level since Sept. 19. Platinum lost 0.5% to $933.10, and palladium dropped 0.8% to $925.75.