Gold is on track for its first quarterly decline in three quarters as expectations for more US interest rate hikes put pressure on the precious metal. Spot gold increased by 0.4% to reach $1,916.09 per ounce, while US gold futures climbed by 0.3% to reach $1,923.90. Gold prices have fallen by 2.7% this quarter, dropping from levels just below all-time highs to below $1,900. The prospects of higher interest rates, combined with rising US bond yields, pose a significant challenge for gold. However, moderate inflation prints provided some relief for the market. Silver rose by 0.7% to reach $22.71 per ounce, platinum increased by 0.8% to reach $901.20, and palladium firmed by 0.3% to reach $1,233.46.