Gold Prices Decline After Reaching Record High

Gold prices fell on Wednesday after reaching an all-time high in the previous session.

Spot gold declined by 0.1%, settling at $2,895.38 per ounce, after hitting a record $2,942.70 on Tuesday.

U.S. gold futures also dropped by 0.4%, reaching $2,922.40.

As for other precious metals, silver remained stable at $31.83 per ounce, platinum remained unchanged at $983.15, while palladium rose by 0.3%, reaching $978.75.