India, March 3 -- Gold prices drifted below $5,300 an ounce on Tuesday as the dollar held gains on risk-off sentiment in financial markets.
Spot gold fell more than 1 percent to $5,266.79 an ounce while U.S. gold futures were down 0.6 percent at $5,279.46.
The dollar continued to rally and bond yields ticked higher as inflation and interest-rate concerns dented investors' appetite for riskier assets.
As the latest Middle East conflict entered its fourth day, U.S. President Donald Trump suggested the war may last four to five weeks but could "go far longer than that."
U.S. Secretary of Defense Pete Hegseth also offered few details about the operation or the scope of duration of the war but claimed it will not be 'endless', framing the co...