Gold prices retreated from all-time highs on Monday, after rising on Western cash flows and optimism about a US interest cuts, as investors prepared for minutes from the Federal Reserve’s latest policy meeting to clarify the extent of the cut.
Spot gold was steady at USD 2,514.03 an ounce, after hitting an all-time high of USD 2,531.60 on Tuesday. US gold futures rose 0.1 percent to USD 2,551.80.
Among other precious metals, spot silver rose 0.4 percent to USD 29.53 an ounce, platinum gained 0.5 percent to USD 951.10 and palladium fell 0.3 percent to USD 923.30.
Source: Qatar News Agency