Gold prices fell thursday as geopolitical tensions eased and the dollar strengthened after us president donald trump backed down from his tariff threats:aven assets. Spot gold slipped 0.8% to $4,799.79 per ounce, after hitting a record high of $4,887.82 in the previous session. US gold futures for February delivery also declined 0.6% to $4,806.60 per ounce.

According to Qatar News Agency, other precious metals also saw declines. Spot silver fell 0.9% to $92.38 per ounce, platinum dropped 2.7% to $2,415.60 per ounce, and palladium slipped 1% to $1,821.50, after reaching a one-week high in the previous session.