Doha: Gold prices jumped Tuesday to their highest level in five weeks due to trade uncertainty and a decline in US Treasury yields, while investors await US President Donald Trump’s August 1 deadline for imposing tariffs. Spot gold rose 0.6 percent to $3,415.61 per ounce, reaching its highest level since June 16. US gold futures also rose 0.6 percent to $3,428.10.

According to Qatar News Agency, US 10-year Treasury yields hit their lowest level in more than two weeks, making gold more attractive. Among other precious metals, spot silver fell 0.1 percent to $38.89 per ounce. Platinum rose 0.2 percent to $1,440.75, while palladium fell 0.1 percent to $1,262.75.