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Gold prices declined today, Tuesday, by 0.7% to $4,045.89 per ounce, influenced by the strength of the US dollar, which remained near its highest levels in a month, as markets await the US Federal Reserve's decision on interest rates. The market expects the Fed to hold rates steady at about a 62% chance, with a 25 basis point increase possible at the Wednesday meeting, and expectations of a potential hike in September. Other precious metals also fell: silver dropped 2% to $57.23, platinum decreased 0.9% to $1,605.93, and palladium declined 1.6% to $1,270.97.
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