Gold Prices Fall following Fed Minutes

Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates.

Spot gold fell 0.6% at $2,365.49 per ounce. US gold futures were down 1.1% at $2,367.60.

Bullion hit a record high of $2,449.89 on Monday.

Spot silver fell 0.9% to $30.48, platinum lost 0.6% to $1,028.55 and palladium dropped 1.1% to $988.62.

Source: Qatar News Agency