Gold is facing its worst quarter since early 2021 as the dollar's impressive performance deterred investors.
According to Arab Net, gold prices stabilized in spot transactions at $1,817.01 per ounce.
US gold futures prices changed little to $1816.90 an ounce, according to Reuters.
It is expected that gold prices will decline for the third month in a row, and have fallen by 6.2% this quarter.
Matt Simpson, chief market analyst at City Index, said that the rise in yields and the US dollar played a role in the weak performance of gold, but noted that gold priced in other currencies was not performing too badly.
The dollar is hovering near two-decade highs and could post its best quarter in more than 5 years, making dollar-priced gold more expensive for buyers holding other currencies.
Among other precious metals, silver rose in spot transactions 0.4% to $ 20.80 an ounce, while platinum settled at $ 917.18 and palladium increased 0.9% to $ 1979.88.
