Gold prices decreased on Tuesday as investors took profits after the precious metal reached a new record level in the previous session, supported by strong demand for safe havens and expectations of a Federal Reserve interest rate cut.
Spot gold fell 0.3% to $4,340.99 per ounce, having hit an all-time high of $4,381.21 the previous Monday.
U.S. gold futures for December delivery settled at $4,357.80 per ounce.
As for other precious metals, spot silver dropped 1.2% to $51.83 per ounce, platinum fell 0.7% to $1,627.53, while palladium increased 0.1% to $1,497.62.
