Precious Metal Price Updates

Gold prices hovered near a one-week peak on Tuesday after gaining 1.5% in the previous session, as U.S. Treasury yields retreated, lifting the appeal of the bullion.

* Spot gold rose 0.1% to $1,809.57 per ounce by 0057 GMT, having hit its highest since Feb. 16 at $1,812.31 on Monday. U.S. gold futures gained 0.1% to $1,809.30.

* The dollar reached multi-year lows on Monday against the British pound and the Australian dollar as traders focused on the promise of coronavirus vaccinations and economic growth outlook.

* Benchmark U.S. Treasury yields eased from a near one-year peak on Monday. Higher yields increase the opportunity cost of holding bullion.

* U.S. President Joe Biden on Monday launched changes to the U.S. coronavirus aid program for small businesses to try to reach smaller and minority-owned firms. The advancement of a proposed $1.9 trillion U.S. COVID-19 relief bill added to concerns about inflationary pressures.

* Bitcoin fell on Monday after surging to its latest record high a day earlier as a sell-off in global equities curbed risk appetite.

* SPDR Gold Trust GLD , the world's largest gold-backed exchange-traded fund, said its holdings fell 1.1% to 1,115.4 tonnes on Monday.

* Silver eased 0.4% to $28.04 an ounce. Platinum shed 0.4% to $1,267.46, while palladium climbed 0.3% to $2,401.52.