Gold prices fell on Tuesday, impacted by the strength of the dollar, as investors monitor ongoing efforts to reach an agreement to resolve the debt ceiling crisis in the United States. Spot gold dropped by 0.4% to $1,962.06 per ounce. U.S. gold futures also decreased by 0.6% to $1,965.70. The strength of the dollar makes gold less attractive to foreign buyers.
For other precious metals, silver in spot transactions declined by 0.5% to $23.55 per ounce, while palladium dropped by 0.4% to $1,485.59, and platinum remained steady at $1,066.59.
