Doha: Gold prices extended their gains for the fourth consecutive session on Wednesday, supported by a weaker US dollar and expectations that the end of the US government shutdown and upcoming economic data will strengthen prospects for an interest rate cut in the United States next month. Spot gold rose 0.4% to $4,142.70 per ounce, after hitting its highest level since October 23 in the previous session. US gold futures for December delivery increased 0.8% to $4,149.20 per ounce.

According to Qatar News Agency, among other precious metals, spot silver edged up 0.1% to $51.29 per ounce. Meanwhile, platinum slipped 0.1% to $1,583.10, while palladium was little changed at $1,443.56 per ounce. The movements in these metals are seen as a reflection of investor sentiment in response to fluctuations in the US dollar and potential policy changes in the US monetary landscape.