Doha: Gold prices slipped on Monday as market participants focused on US-Russia talks on the war in Ukraine, and July inflation data that could offer more insight into the Federal Reserve interest rate outlook. Spot gold was down 0.6% at $3,378.49 per ounce, after hitting its highest since July 23 on Friday. US gold futures for December delivery dropped 1.4% to $3,441.20.

According to Qatar News Agency, elsewhere in the precious metals market, spot silver fell 0.5% to $38.13 per ounce. In addition, platinum slipped 1.1% to $1,317.90, while palladium gained 0.1% to $1,127.37.