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Gold prices fell on Wednesday as a jump in U.S. treasury yields and a rally in equities reduced the yellow metal's safe-haven appeal.
Spot gold dropped 0.1 percent to $1,311.56 per ounce. It fell 0.6 percent on Tuesday, in its largest one-day decline in a month.
U.S. gold futures were 0.1 percent lower at $1,312.50 per ounce.
Benchmark U.S. Treasury yields reached a 10-month high on Tuesday after the Bank of Japan tweaked its bond-purchasing programme.
The dollar index, which tracks the greenback against a basket of six major currencies, fell 0.1 percent to 92.423. It hit a more than one-week peak at 92.640 on Tuesday.
Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, dropped 0.35 percent to 831.91 tonnes on Tuesday from Monday, the largest decline since Dec. 18, 2017.
Among other precious metals, palladium was down 0.4 percent at $1,096 per ounce, after reaching its life-time peak on Tuesday at $1,111.40. Silver fell 0.1 percent to $16.93 per ounce. Platinum lost 0.7 percent at $958.70.