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Gold Prices Dip as Dollar Strengthens, US Rate Cut Hopes Fade

Doha: Gold prices declined amid a stronger US dollar and diminishing expectations that the US Federal Reserve will cut interest rates in December, while investors await a US employment report. Spot gold declined by 0.1% to $4,077.13 per ounce, while US gold futures for December delivery fell by 0.2% to $4,075.80 per ounce.

According to Qatar News Agency, other precious metals experienced different trends. Spot silver rose by 0.2% to $51.44 per ounce. Platinum saw an increase of 0.9%, reaching $1,559.54 per ounce, and palladium climbed by 1.1% to $1,395.37 per ounce.