Doha: Gold prices fell for the third consecutive session on Wednesday as inflation concerns linked to the ongoing conflict in the Middle East overshadowed monetary policy expectations. Spot gold fell 1 percent to $4,550.39 per ounce, after hitting its lowest level in a month. US gold futures also declined 1 percent to $4,563.30.

According to Qatar News Agency, other precious metals also experienced declines. Spot silver fell 1.8 percent to $71.75 per ounce, platinum dropped 2.8 percent to $1,886.53, and palladium dipped 0.1 percent to $1,458.75. These price shifts reflect the broader impact of geopolitical tensions on the global commodity market, introducing uncertainties that continue to affect investor sentiment.