Gold fell 0.3% to $1,895.13 per ounce on Wednesday, its lowest level since August 22.

The dollar hit a 10-month high against main counterparts as Treasury yields rose on the prospect of higher-for-longer U.S. rates. Higher interest rates increase the opportunity cost of owning dollar-priced gold, which pays no interest.

The SPDR Gold Trust hit a four-year low, reflecting investor sentiment.

Platinum slid 0.1% to $902.75, silver 0.4% to $22.76, and palladium rose 1.1% to $1,237.37.