New york: Gold prices fell on Monday to their lowest in nearly two weeks, as a framework trade agreement between the United States and European Union reduced appetite for safe-haven assets. Spot gold was down 0.1% at $3,332.39 per ounce, after touching its lowest level since July 17. US gold futures edged 0.1% lower to $3,332.50.

According to Qatar News Agency, the market reaction to the trade agreement has shifted investor focus away from gold, traditionally viewed as a secure investment during economic uncertainty. Meanwhile, other precious metals experienced mixed movements. Spot silver was up 0.1% at $38.17 per ounce, benefiting slightly from current market conditions.

Platinum showed a gain of 0.9%, reaching $1,413.50, while palladium rose by 0.5% to $1,225.25. These increases indicate a varied response among different metals within the commodities market, as investors adjust their strategies in light of the new trade developments between the US and EU.