DOHA: Gold traded in a narrow range on Tuesday as investors refrained from making significant moves ahead of the US presidential election and the Federal Reserve’s policy meeting scheduled for later this week. Spot gold saw a slight decline of 0.1%, bringing the price to $2,733.39 per ounce. This comes after bullion reached a record high of $2,790.15 last week.

According to Qatar News Agency, US gold futures also experienced a minor dip, decreasing by 0.1% to $2,742.40 per ounce. In the broader precious metals market, spot silver remained unchanged at $32.46 per ounce, while platinum saw a slight decrease of 0.1% to $982.50. Conversely, palladium experienced a small uptick, rising 0.2% to $1,076.50.