Muscat: Spot gold fell by 0.2% to $3,308.39 per ounce, following a decline to its lowest level since July 9 in the previous session. U.S. gold futures also edged down 0.1%, settling at $3,306.20.
The decline comes as investors shift focus to the upcoming Federal Reserve monetary policy meeting, hoping for signals on the central bank’s next move regarding interest rates.
Among other precious metals, spot silver dipped slightly by 0.1% to $38.12 per ounce. Platinum, however, saw a modest gain of 0.4% to reach $1,395.75, while palladium dropped 0.7% to $1,237.88.
Read More
- Oman signs 28 investment deals worth more than RO 304 million
- Gold prices edge higher as markets await US Federal Reserve decision
- Bank Muscat showcases its banking solutions at “Happy City Journey” as part of Urban October 2026
- Oman’s Phaze Ventures launches two funds targeting over $75 million for AI and deep tech
- Italy celebrates World Pasta Day 2026 in Muscat with B2B event promoting Italian Pasta and Agri-Food Excellence
