New york: Gold prices today touched their lowest levels in more than three weeks, as the US dollar strengthened after Donald Trump’s win in the US presidential election, while focus shifted to the Federal Reserve for its decision on interest rates later in the day.

According to Oman News Agency, spot gold fell 0.1% to $2,656.34 per ounce, after hitting its lowest level since 15 October 2024 earlier in the session. Bullion hit a record high of $2,790.15 last week and has lost more than $130 since then.

US gold futures shed 0.5% to $2,663.60. Meanwhile, spot silver fell 0.4% to $31.03 per ounce, platinum slipped 0.3% to $983.73, and palladium declined 0.7% to $1,028.25. All three metals were down for a second straight session.