Gold prices steady at $2,625.52 per ounce

Gold prices stabilized on Tuesday after hitting an all-time high in the previous session, following comments from U.S. Federal Reserve officials that supported further interest rate cuts in the future.

Spot gold was trading at $2,625.52 per ounce.

U.S. gold futures fell 0.1 percent to $2,650.30 per ounce.

In other precious metals, spot silver was steady at $30.66 per ounce, platinum rose 0.4 percent to $960.40 per ounce, and palladium lost 0.6 percent to $1,035.25 per ounce.