Singapore: Gold prices fell more than 2% on Tuesday, pressured by a firmer US dollar on expectations of US Federal Reserve interest rate hikes this year, while investors assessed US-Iran talks.
Global stocks also declined amid concerns over AI-related share valuations and expectations of higher interest rates.
Spot gold fell 2. 2% to $4, 099. 84 per ounce by 07: 53 GMT. US gold futures for August delivery dropped 2% to $4, 117. 70.
Among other precious metals, spot silver fell 5% to $61. 90 per ounce, platinum declined 3% to $1, 628. 55, and palladium dropped 2. 9% to $1, 229. 28.
