Gold retreats amid anticipation of US Federal Reserve's interest rate decision

Gold prices dipped slightly on Tuesday as the dollar stabilized and investors awaited the US Federal Reserve’s monetary policy decision, seeking signals on inflation and the interest rate trajectory.

Spot gold fell 0.1% to $4,021.87 per ounce, while US August gold futures declined 0.4% to $4,021.70 per ounce.

Among other precious metals, spot silver rose 0.1% to $57.20 per ounce, platinum increased 0.1% to $1,605.96, and palladium dropped 0.1% to $1,268.35 per ounce.