Home Iraqi News Gold and precious metal prices are stable and declining in global markets.

Gold and precious metal prices are stable and declining in global markets.

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Gold prices were largely stable in global spot trading on Tuesday, remaining close to their lowest level in more than seven weeks.

Spot gold was trading at $4,124.57 per ounce, while gold futures slipped 0.3% to $4,156.70 per ounce.

Other precious metals also recorded losses during the session. Spot silver fell 0.6% to $60.62 per ounce, platinum dropped 1% to $1,699.86 per ounce, and palladium declined 0.5% to $1,209.08 per ounce.

The movements reflect continued pressure on precious metals markets, with investors closely watching global economic developments, interest rate expectations, and shifts in demand for safe-haven assets.

Despite gold holding near current levels, it remains close to its lowest point in more than seven weeks, while silver, platinum, and palladium all posted modest declines.