Gold prices slightly decreased as investor confidence improved following the recent U.S.-Japan trade deal, which lowered tariffs and reduced economic uncertainty.
The deal, combined with a stronger dollar and rising Treasury yields, put pressure on gold, which is typically seen as a safe-haven asset.
Meanwhile, silver prices rose to their highest level since 2011, boosted by strong supply-demand fundamentals, raising investor expectations that it may soon surpass the psychologically significant $40 per ounce mark.