Doha: Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a US interest rate cut next month. Spot gold was down 0.1% at $4,039.19 per ounce. US gold futures for December delivery fell 0.9% to $4,038.60 per ounce.

According to Qatar News Agency, the movement in gold prices is attributed to the strengthening of the dollar, which reduces the appeal of gold as an alternative asset. Additionally, the reduced likelihood of a US interest rate cut next month has further pressured gold prices.

Elsewhere in the precious metals market, spot silver eased 0.4% to $50 per ounce. In contrast, platinum showed a slight increase of 0.3%, reaching $1,538.74. Meanwhile, palladium prices experienced a decline of 0.5%, settling at $1,386.01.