New York, SANA–Gold prices declined Tuesday to their lowest level in two weeks after U.S. President Donald Trump announced a ceasefire between Israel and Iran, reducing demand for gold as a safe-haven asset.

According to Reuters, spot gold fell by 0.6% to $3,349.89 per ounce, while U.S. gold futures dropped by 0.9% to $3,364.20 per ounce.

As for other precious metals, silver rose slightly in spot trading by 0.1% to $36.03 per ounce. Platinum declined by 0.3% to $1,260.78, and palladium edged down 0.1% to $1,043.

Rana Deeb/Manar Salameh