Doha: Gold prices continued to decline Tuesday, after hitting a new record high in the previous session, supported by strong safe-haven demand amid expectations of a rate cut by the Federal Reserve. Spot gold fell 2.1 percent to $4,264.91 per ounce, after hitting an all-time high of $4,381.21 yesterday. US gold futures also fell 1.9 percent to $4,278.50 per ounce.
According to Qatar News Agency, spot silver fell nearly 4.3 percent to $50.19 per ounce. Platinum also experienced a decline, falling 2.8 percent to $1,592.65. Additionally, palladium saw a reduction, losing 4 percent to reach $1,440.73.