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The price of gold in the Qatari market declined by 0.40 percent over the past week, reaching USD 3,986.49 per ounce, according to data released by Qatar National Bank (QNB).QNB data showed that the price of gold decreased from USD 4,002.78 recorded last Sunday.As for other precious metals, silver fell by 1.02 percent on a weekly basis to reach USD 48.20 per ounce, down from USD 48.70 at the start of the week. Platinum declined by 0.82 percent, reaching USD 1,563.02 per ounce, compared to USD 1,576.10 at the beginning of the week.

Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the US private payroll data for cues on future interest rate cuts.Spot gold rose 0.8% to $3,961.85 per ounce. Bullion fell more than 1.5% on Tuesday, hitting its lowest since Oct. 30.US gold futures for December delivery rose 0.2% to $3,970.10 per ounce.Bullion hit a record high of US$4,381.21 on Oct. 20, but has fallen close to 10 percent since then.Elsewhere, spot silver rose 1.2 percent to US$47.68 per ounce, platinum gained 0.1 percent to US$1,537.10, and palladium climbed 0.2 percent to US$1,394.75.

Gold prices declined on Monday, weighed down by a stronger US dollar as investors scaled back expectations for further Federal Reserve interest rate cuts following hawkish remarks by Chair Jerome Powell last week. Easing US-China trade tensions also pressured bullion.Spot gold fell 0.8% to $3,968.76 per ounce, while US gold futures for December delivery slipped 0.5% to $3,978.30 per ounce. The US dollar held firm near its three-month high reached last week, making the greenback-priced metal more expensive for holders of other currencies.The US Federal Reserve cut interest rates on Wednesday by 0.25 percentage point, marking its second rate cut this year, bringing the benchmark overnight rate to a target range of 3.75%-4.00%. Among other precious metals, spot silver dropped 0.5% to $48.41 per ounce, platinum eased 0.1% to $1,566.40, and palladium declined 0.6% to $1,424.88.

Gold prices edged lower on Thursday, weighed down by a firmer dollar as investors looked forward to key US inflation data later this week for more cues on the interest rate path. Spot gold slipped 0.3% to $4,082.95 per ounce, while US gold futures for December delivery rose 0.8% to $4,097.40 per ounce. Prices have surged about 56% since January, touching an all-time high of $4,381.21 per ounce on Monday. The rally has been driven by a mix of economic uncertainty, expectations of interest rate cuts, and strong buying by central banks across the world. Spot silver fell 0.4% to $48.31 per ounce, extending its decline after reaching record highs earlier this month. Platinum slipped 1.4% to $1,598.65 per ounce, while palladium also dropped 1.4% to $1,438.47 per ounce.

Gold prices extended their decline on Wednesday amid profit-taking following recent record highs, as investors awaited key US inflation data this week for further indications on the Federal Reserve's potential path toward interest rate cuts. Spot gold fell 0.3% to $4,113.54 per ounce, after plunging more than 5% on Tuesday — its sharpest daily drop since August 2020. Meanwhile, US gold futures for December delivery rose 0.5% to $4,129.80 per ounce. Despite the recent correction, gold prices have surged about 56% so far this year, hitting an all-time high of $4,381.21 on Monday. The rally has been driven by heightened geopolitical and economic uncertainty, growing expectations of interest rate reductions, and sustained central bank demand for the yellow metal. Among other precious metals, spot silver fell 0.9% to $48.29 per ounce, platinum dropped 1.1% to $1,534.44, while palladium was steady at $1,406.76 per ounce.

Gold prices edged higher on Monday, recovering part of last week's steep losses after easing US-China trade tensions spurred investors to shift toward riskier assets. Spot gold rose 0.4% to $4,263.59 per ounce, rebounding after a 1.8% drop on Friday — its largest single-day fall since mid-May. Despite the decline, the metal still notched its best weekly gain since April, having earlier surged to an all-time high of $4,378.69 per ounce. US gold futures for December delivery climbed 1.5% to $4,275.40 per ounce. Spot silver advanced 0.5% to $52.08 per ounce, following a sharp 4.4% drop in the previous session — its biggest intraday loss since early April — after touching a record high of $54.47. Among other precious metals, platinum fell 1.1% to $1,591.55, while palladium slipped 0.5% to $1,467.16 per ounce.

Gold prices continued to trade near record highs on Wednesday, as renewed US-China trade tensions prompted investors to seek refuge in the safe-haven metal, while expectations of a potential US interest rate cut further supported bullish sentiment. Spot gold was up 0.4% at $4,155.99 per ounce. US gold futures for December delivery gained 0.3% to $4,174.30. The precious metal, which yields no interest and is widely viewed as a store of value in times of economic and geopolitical uncertainty, reached a record high of $4,179.48 per ounce on Tuesday.

Gold prices surged to a new record high above $4,100 on Tuesday, driven by growing expectations of US Federal Reserve interest rate cuts and renewed US-China trade tensions that spurred safe-haven demand. Silver also rallied to an all-time high. Spot gold rose 0.4% to $4,124.79 per ounce, after touching a record $4,131.52 earlier in the session. US gold futures for December delivery gained 0.3% to $4,143.10. The precious metal has climbed nearly 57% since the beginning of the year, breaking above the $4,100 mark for the first time on Monday. The rally has been underpinned by geopolitical and economic uncertainty, expectations of monetary easing, robust central bank purchases, and strong inflows into gold-backed exchange-traded funds. Spot silver advanced 0.3% to $52.49 per ounce, after earlier hitting $52.70. Among other precious metals, platinum rose 0.5% to $1,653.45 per ounce, while palladium added 1.6% to $1,498.25, its highest level since May 2023.

Gold prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the official start of the US government shutdown and as soft labor data bolstered expectations of Federal Reserve rate cuts. Spot gold was up at $3,873.46 per ounce. Bullion logged about 12% rise in September, making it the metal's sharpest monthly rise since August 2011. US gold futures for December delivery gained 0.4% to $3,888.80. Elsewhere, spot silver was steady at $46.64 per ounce, platinum held its ground at $1,573.76 and palladium fell 0.4 % to $1,252.25.

Gold prices rose further to hit a fresh high on Tuesday and were poised for their best month in 14 years, as fears of a potential US government shutdown and growing expectations of further US interest rate cuts boosted demand for the safe-haven metal. Spot gold was up 1% at $3,869.75 per ounce. Bullion has risen 11.4% so far in September, on track for its best month since August 2011. US gold futures for December delivery gained 0.4% to $3,872. Spot silver was steady at $46.95 per ounce, platinum eased 0.2% to $1,597.58, and palladium fell 0.8% to $1,259.02.

Gold prices remained steady on Monday as investors awaited a widely expected rate cut by the US Federal Reserve this week, while profit-taking and a firmer dollar kept gains in check. Spot gold held its ground at $3,642.65 per ounce.US gold futures for December delivery were down 0.2% at $3,680.20.Elsewhere, spot silver was up 0.1% at $42.20 per ounce, platinum gained 0.5% to $1,397.59, and palladium rose 0.2% to $1,197.88.