Ammon News - Gold prices fell on Wednesday to their lowest point in more than a week, under pressure from a stronger U.S. dollar and rising Treasury yields, as the latest tariff threats from U.S. President Donald Trump unsettled markets.

Spot gold was down 0.2% at $3,295.03 per ounce, as of 0435 GMT, after hitting its lowest level since June 30.

U.S. gold futures fell 0.4% to $3,303.20.

Trump said he would impose a 50% tariff on imported copper and introduce long-threatened levies on semiconductors and pharmaceuticals.

Trump reiterated his threat of 10% tariffs on BRICS nations on Tuesday, a day after notifying 14 countries, including Japan and South Korea, of tariff increases set to take effect on August 1.

The U.S. dollar index strengthened 0.2% after hitting a two-week high late on Tuesday, while the yield on benchmark 10-year U.S. Treasury notes hovered near a three-week high.

Spot silver fell 0.7% at $36.53 per ounce, platinum was down 1.2% at $1,343.24 and palladium lost 0.8% to $1,102.28. Reuters