Gold prices fell today, Monday, but remained near the unprecedented high level recorded last week, and is heading towards achieving the best quarterly performance in more than eight years, supported by the decision to reduce US interest rates and expectations of another large cut in November.
By 0404 GMT, gold in spot transactions fell 0.2 percent to $2,653.38 per ounce due to the rise in the dollar.
The rise of the dollar makes gold less attractive to holders of other currencies.
Gold prices have risen by more than 14 percent since the beginning of the current quarter, recording the best quarterly performance since January 2016.
As for other precious metals, silver fell in spot transactions by 0.4 percent to $31.49 per ounce after reaching its highest level in 12 years on Thursday. It is heading to rise by eight percent by the end of the current quarter.
Platinum lost 0.1 percent to $999.35, while palladium rose 0.1 percent to $1,012.50. The two metals are heading for quarterly gains.
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