Muscat: Gold eased today from the record high hit the day before, pressured by profit-taking and a slight uptick in the dollar, although expectations of further US rate cuts and political uncertainty lent some support to prices. Spot gold was down 0.2% at $3,858.50 per ounce, after hitting an all-time high of $3,895.09 on Wednesday. US gold futures for December delivery fell 0.4% to $3,883.60.

According to Oman News Agency, elsewhere in the precious metals market, spot silver slipped 0.5% to $47.07 per ounce, platinum fell 0.3% to $1,552.05, and palladium gained 1% to $1,256.93. The fluctuations in these metals reflect the broader trends affecting commodities as investors react to currency movements and economic forecasts.