Gold falls amid growing expectations of US rate cut

Gold prices fell on Thursday, as investors booked profits after prices hit their highest level in more than a month earlier, amid growing expectations that the Federal Reserve will cut interest rates next week.

Spot gold fell 0.5% to $2,704.41 an ounce, after hitting its highest since Nov. 6 earlier in the session.

US gold futures also fell 0.5% to $2,744.60.

In other precious metals, spot silver fell 0.3% to $31.84 an ounce, platinum fell 0.2% to $937.55 and palladium fell 0.2% to $979.91.