New York: Gold traded in a narrow range today as investors stayed away from taking big positions ahead of the US presidential election and the Federal Reserve policy meeting later this week. Spot gold ticked 0.1% down to $2,733.39 per ounce, exhibiting little movement as market participants remain cautious. According to Oman News Agency, bullion had previously hit a record high of $2,790.15 last week, reflecting ongoing market volatility and investor interest in safe-haven assets. Meanwhile, US gold futures edged lower by 0.1% to $2,742.40 per ounce, mirroring the trend in spot gold prices. Among other precious metals, spot silver remained flat at $32.46 per ounce, indicating stable demand. Platinum experienced a slight decline, losing 0.1% to trade at $982.50, while palladium saw a modest increase, rising 0.2% to $1,076.50 per ounce, showcasing varied movements across different precious metal markets.
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