march 10 reuters  gold prices fell on thursday as us treasury yields rose while investors opted for riskier assets amid a retreat in oil prices after the united arab emirates said it would help increase oil production making safehaven bullion less appealing  spot gold was down 08 at 197569 per ounce as of 0139 gmt after prices slumped 1 earlier in the session us gold futures were down 05 to 197880  the safehaven metal pulled back about 3 in the previous session its worst daily decline since january 2021  snapping a rally that took it near the august 2020 alltime highs  the benchmark us 10year treasury yield rose for a third straight day on wednesday as concerns over rising prices persisted a day ahead of a report on inflation even as oil prices plunged  investors await the latest inflation reading on thursday in the form of the february consumer price index the us federal reserve is scheduled to announce its next policy statement on march 16  gold is highly sensitive to rising us interest rates which increase the opportunity cost of holding nonyielding bullion  commodity prices eased on wednesday after rallies to multiyear highs as markets digested supply disruption from russia and ukraine major producers of energy metals and crops read more  the united states has called on oil producers worldwide to increase production if they can the uae and neighbour saudi arabia are among the few members of the organization of the petroleum exporting countries with spare capacity that could increase output read more  palladium  used by automakers in catalytic converters to curb emissions slipped 11 to 290404 per ounce the metal hit a record high of 344076 on monday driven by fears of supply disruptions from top producer russia read more  among other metals spot silver shed 09 to 2549 per ounce while platinum fell 11 to 106514 reporting by asha sistla in bengaluru editing by sherry jacobphillips