Gold Prices Extend Losses as Market Nears 7-Month Low

Doha: Gold extended losses, nearing a 7-month low. Spot gold was down 0.4% at $3,985.89 per ounce, after hitting its lowest point for the first time since November 2025 on Wednesday.

According to Qatar News Agency, US gold futures for August delivery lost 0.2% to $4,001.60. As for other precious metals, spot silver fell 0.2% to $57.33 per ounce and platinum lost 0.2% to $1,575.85, while palladium rose 0.3% to $1,170.25.