Doha: Gold prices continued their downward trend on Wednesday as investors took profits following the metal's strongest performance in two weeks during the previous session. Market attention has now shifted toward U.S. President Donald Trump's anticipated selections for vacant seats on the Federal Reserve Board.

According to Qatar News Agency, spot gold slipped by 0.1%, trading at $3,378.12 per ounce, while U.S. gold futures edged up 0.1% to $3,436.90. As for other precious metals, silver rose by 0.2% in spot trading to $37.89 per ounce, and platinum gained 0.7% to reach $1,329.92. Palladium, however, dropped nearly 3% to $1,140.85, its lowest level since July 11.