Geneva: Gold prices eased today, trading below the two-week high reached in the previous session, as investors awaited the release of the Federal Reserve's June meeting minutes for signals on the policy direction of new Chair Kevin Warsh. Spot gold fell 0.4 percent to $4,148.59 per ounce, while US gold futures for August delivery slipped 0.2 percent to $4,160.20 per ounce.
According to Oman News Agency, the minutes of the Federal Open Market Committee meeting held on 16-17 June are due on Wednesday. Gold has fallen more than 25 percent from record highs reached earlier this year. However, the metal touched a two-week high on Monday as the US-Iran ceasefire eased some inflation concerns, while weaker-than-expected US jobs data last week prompted markets to scale back near-term rate hike expectations.
Spot silver fell 0.8 percent to $61.57 per ounce, platinum declined 0.8 percent to $1,618.78 per ounce, and palladium slipped 0.4 percent to $1,264.11 per ounce.