Gold and other precious metals fell on Thursday. Spot gold was down 0.8% to $4,796.75 per ounce, as of 0524 GMT, after scaling a record peak of $4,887.82 in the previous session, Reuters reported.

U.S. gold futures for February delivery lost 0.8% to $4,799.90 per ounce.

Spot silver was down 0.1% at $93.19 an ounce, after hitting a record high of $95.87 on Tuesday.

Spot platinum lost nearly 2% to $2,433.50 per ounce after touching a record peak of $2,511.80 on Wednesday, while palladium slid 0.6% to $1,829.29.