Doha:Gold prices experienced a decline on Thursday as the US dollar strengthened. This shift came after investors reevaluated the US monetary policy outlook following the Federal Reserve’s decision to maintain interest rates.

According to Qatar News Agency, spot gold fell by 0.7%, reaching $4,039.26 per ounce. Additionally, US gold futures for December delivery showed little change, standing at $4,051 per ounce.

Other precious metals also saw movement, with spot silver decreasing by 0.7% to $53.60 per ounce and platinum easing by 0.3% to $1,533.50 per ounce. In contrast, palladium diverged from this trend, gaining 0.7% to reach $1,017.29 per ounce.