Doha: Gold prices fell more than 1 percent on Tuesday, pressured by expectations that US interest rates could rise later this year. Spot gold declined 1.3 percent to $4,511.23 an ounce. US gold futures for June delivery also slipped 0.2 percent to $4,513.90 an ounce. According to Qatar News Agency, the decline in gold prices was mirrored in other precious metals, with spot silver falling 2.3 percent to $76.27 an ounce. Platinum lost 1.3 percent to $1,942.56, and palladium declined 1.3 percent to $1,379.54. These movements in the precious metals market reflect investor concerns over potential interest rate hikes in the United States, which could impact the appeal of non-yielding assets like gold and silver.
