Gold Prices in Qatar Fall as Global Bullion Nears $4,140

Gold prices in Qatar declined as the metal traded near $4,140 an ounce on international markets, with a stronger dollar and higher US bond yields continuing to weigh on bullion.

The local decline tracked the downward move in global gold prices. No specific prices for individual gold carats in Qatar were provided.

Dollar strength remains a headwind for gold, which is priced in the US currency. A firmer dollar makes the metal more expensive for buyers using other currencies, potentially dampening demand.

Higher US bond yields also put pressure on gold by increasing the appeal of interest-bearing assets compared with the precious metal, which pays no interest. Both factors continued to shape the direction of gold prices globally and in Qatar.