Gold prices dip after hitting three-month high

Gold prices declined on Tuesday after reaching their highest level in more than three months, weighed down by profit-taking and a stronger US dollar.

Spot gold slipped 0.2% to $4,640.40 per ounce after hitting its highest since May 14.

US gold futures were steady at $4,696.10 per ounce.

Other precious metals retreat

Elsewhere, spot silver fell 1.3% to $68.03 per ounce, platinum dropped 1.4% to $1,849.18, and palladium declined 2.2% to $1,327.50 per ounce.