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Gold Prices Steady Amid US Tariff Proposals and Rising Treasury Yields

New york: Gold prices were little changed on Tuesday, caught between safe-haven demand following US President Donald Trump's new tariff proposals for trading partners, and rising Treasury yields that capped any upside momentum. Spot gold eased 0.1% to $3,331.85 per ounce, while US gold futures remained steady at $3,341.80.

According to Qatar News Agency, the yield on benchmark US 10-year notes hovered near a two-week high, affecting the gold market's dynamics. The tariff proposals by the US President have prompted a mixed reaction among investors, with some seeking the safety of gold, while others are influenced by the rising yields.

In the broader precious metals market, spot silver held steady at $36.75 per ounce. Meanwhile, platinum experienced a slight decline of 0.1% to $1,368.93, and palladium saw a modest increase of 0.2% to $1,112.88.