Spot gold prices fell 0.4% to settle at $4,060.46 per ounce, after the yellow metal hit its lowest level since early July in yesterday's session.

In futures trading, US gold futures for August delivery fell 0.3% to $4,069.80 per ounce.

Among other precious metals, spot silver fell 0.9% to $57.77 per ounce. In contrast, platinum rose 0.8% to $1,591.13 per ounce, while palladium posted a similar gain, rising 0.8% to $1,223.95 per ounce.