Gold prices drop on firmer dollar

WORLD CAPITALS, (UrduPoint / Pakistan Point News / WAM - 20th May, 2026) Gold prices edged lower on Wednesday, pressured by high US Treasury yields and a firm Dollar.

Spot gold fell 0.4 percent to US$4,464.64 per ounce as of 04:39 GMT, after touching its lowest level since 30th March.

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US gold futures for June delivery declined 1 percent to US$4,466.40.

Spot silver fell 0.3 percent to US$73.59 per ounce, platinum slipped 0.3 percent to US$1,917.18, while palladium rose 0.7 percent to US$1,366.35.