Doha: Gold eased on Tuesday, a day after breaching $4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty. Spot gold fell 0.4% to $4,576.79 per ounce, after hitting a record high of $4,629.94 on Monday.

According to Qatar News Agency, US gold futures declined 0.6% to $4,585.40. In the precious metals market, spot silver shed 1.6% to $83.62 per ounce, following an all-time high of $86.22 the previous day. Meanwhile, spot platinum lost 2.5% to $2,283.95 per ounce after reaching a record peak of $2,478.50 on December 29. Palladium saw a decline as well, sliding 3.7% to $1,774.44 per ounce.

These fluctuations in the precious metals market come amidst significant geopolitical and economic uncertainties, prompting investors to book profits after recent highs.