Doha: Gold prices slipped on Monday as renewed US-Iran hostilities pushed oil prices higher, while expectations of US Federal Reserve interest rate hikes further weighed on the metal. Spot gold was down 0.5% at $4,067.99 per ounce, while US gold futures for August delivery lost 0.4% to $4,081.20.

According to Qatar News Agency, spot silver fell 1.1% to $58.49 per ounce, platinum gained 0.4% to $1,620.15, while palladium lost 0.4% at $1,204.25. The developments in the commodities market come amid geopolitical tensions and economic forecasts influencing investor behavior.