Gold prices fell at the open to one-week lows as the dollar rebounded and demand fell on the precious metal in favor of bonds.
US treasury bond yields rose today to January 2014 highs, tunneling liquidity from gold and commodities to the bond market.
Some analysts now expect the Federal Reserve to accelerate the pace of interest rate hikes as inflation steadies, hurting demand on safe havens such as gold.
Otherwise, the stock market is benefiting from strong earnings results despite geopolitical tensions, which weakened trading on gold as well.
Gold dipped to $1,333.62 an ounce from the opening of $1,334.19, with a session-high at $1,335.34, and a low at $1,331.74.