Doha: Gold prices fell Thursday, retreating from their highest levels in nearly two weeks, which they reached in the previous session, amid investor assessments of a potential US interest rate cut in December. Gold prices had climbed significantly earlier, but the latest market movements suggest a cautious approach as investors digest the implications of possible monetary policy changes.

According to Qatar News Agency, spot gold fell 0.2 percent to $4,157.29 per ounce, while US gold futures for December delivery also fell 0.2 percent to $4,154.30 per ounce. The decline in gold prices indicates a broader trend of market volatility as stakeholders evaluate economic indicators and central bank signals.

As for other precious metals, spot silver fell 0.3 percent to $53.17 per ounce. Meanwhile, platinum saw an increase of 1 percent, reaching $1,604.72, and palladium climbed 0.5 percent to $1,430.40. These mixed movements in precious metals reflect varying investor sentiments and market dynamics.