Doha: Gold prices fell by more than 1 percent at the close of trading Tuesday, amid market optimism about progress in trade agreements between the United States and its partners. This affected demand for safe havens, along with increasing pressures from the rise in the value of the dollar and US Treasury yields.

According to Qatar News Agency, spot gold fell 0.8 percent to $3,307.16 per ounce, hitting its lowest level in more than a week during the session. US gold futures also fell by the same percentage to $3,316.9 per ounce. The yield on the benchmark 10-year US Treasury note rose to its highest level in two weeks, reducing the appeal of non-yielding gold, while the dollar index rose 0.1 percent.

Among other precious metals, spot silver fell 0.3 percent to $36.64 per ounce, platinum fell 0.8 percent to $1,359.90, and palladium held steady at $1,111.36 per ounce.