New york: Gold fell below $4,000 per ounce on Tuesday, as the US dollar held near a more than three-month high. The decline came amid waning expectations for an additional US interest rate cut in December, as well as easing trade tensions between the United States and China, both of which weakened demand for the precious metal.
According to Qatar News Agency, spot gold fell 0.2% to $3,992.23 per ounce. US gold futures for December dropped 0.3% to $4,001.40 per ounce. As for other precious metals, silver rose 0.1% in spot trading to $48.12 per ounce, platinum gained 0.1% to $1,566.60, while palladium fell 1% to $1,430.31.