Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs.
Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83 per ounce. Gold futures in the US dropped 0.2% to $2,551.20.
Spot silver decreased by 0.2% to $29.85 an ounce, palladium remained unchanged at $958.50, and platinum dropped by 0.3% to $959.24.
