Gold Prices Hit Two-Week Low on Anticipation of Smaller US Fed Rate Cut

Gold prices on Wednesday fell to their lowest level in nearly two weeks, marking the fourth consecutive session of declines as markets adjusted to lower expectations for rate cuts at the US Federal Reserve's upcoming policy meeting. Spot gold fell 0.2% to $2,486.99 per ounce, while US gold futures fell 0.2% to $2,518.30. As for other precious metals, spot silver rose 0.3% to $28.12 per ounce, while platinum rose 0.3% to $905.82, and palladium lost 0.4% to $934.25. Source: Qatar News Agency