SINGAPORE, Tuesday, July 7, 2026 (WAFA) – Gold prices fell on Tuesday, trading below the two-week high reached in the previous session, as investors awaited the release of the minutes of the US Federal Reserve’s June meeting.

Spot gold prices declined 0.4% to $4,148.59 per ounce, while US gold futures for August delivery fell 0.2% to $4,160.20 per ounce.

Among other precious metals, spot silver dropped 0.8% to $61.57 per ounce, platinum fell 0.8% to $1,618.78, and palladium declined 0.4% to $1,264.11.

Meanwhile, oil prices rose on Tuesday, although gains were limited as traders focused on supply growth and demand prospects, while overlooking easing geopolitical tensions in the Middle East.

Brent crude futures increased by 28 cents, or 0.39%, to $72.29 per barrel, while US West Texas Intermediate (WTI) crude rose 0.26%, or 29 cents, to $68.84 per barrel.

K.T