Doha: Gold prices experienced a slight decline on Wednesday, primarily influenced by the rise in Treasury yields and a strengthening dollar, which overshadowed the optimism surrounding a potential peace agreement between the US and Iran.

According to Qatar News Agency, spot gold decreased by 0.3 percent, settling at USD 4,467.59 per ounce. This followed a previous session where gold reached its lowest point since March 30. US gold for June delivery also fell by 0.9 percent, closing at USD 4,471.10.

In the broader metals market, spot silver saw a decline of 0.8 percent, bringing its price to USD 73.22 per ounce. Platinum prices decreased by 0.5 percent, reaching USD 1,912.67, whereas palladium experienced a slight increase of 0.2 percent, rising to USD 1,356.32.