Gold held steady today under the pressure of rising bond yields while palladium reached its lowest level in 5 years.

Spot gold was stable at $1,822.20 per ounce at 0948 GMT, while U.S. gold futures fell 0.2% to $1,838.40.

Gold has lost over $100 in the last two weeks as betting on higher and longer American interest rates reduced the attractiveness of the zero-yielding asset and partially overshadowed its traditional safe-haven role.

Elsewhere, palladium, the automotive catalyst metal, fell 1.7% to $1,169.28 after reaching its lowest level since November 2018 earlier in the session. Spot silver was down 0.2% to $21.12 per ounce, after sliding to its lowest since mid-March on Tuesday, while platinum slipped 0.1% to 870.58 dollars, after reaching a