Doha: Gold prices retreated on Wednesday from an all-time peak in the previous session, as investors weighed cautious remarks by US Federal Reserve Chair Jerome Powell on the outlook for interest rate cuts. Spot gold slipped 0.3% to $3,753.22 per ounce, after hitting a record high of $3,790.82 on Tuesday. US gold futures for December delivery declined 0.8% to $3,785.90.
According to Qatar News Agency, among other precious metals, spot silver fell 0.7% to $43.72 per ounce, platinum edged down 0.2% to $1,475.78, while palladium eased 0.1% to $1,218.54.