MUSCAT : In spot trading, gold climbed 0.8 per cent to $5,230.56 an ounce after earlier touching its highest level since January 30. The precious metal has risen 7.6 per cent so far in February, reflecting sustained investor demand amid geopolitical uncertainty.
US gold futures for April delivery also advanced, rising 1 per cent at settlement to reach $5,247.90 an ounce, reinforcing bullish sentiment in the commodities market.
Other precious metals followed a mixed but largely positive trajectory. Spot silver recorded a sharp 6 per cent jump to $93.67 an ounce and is on track for a robust monthly gain of 10.3 per cent. Platinum climbed 3.4 per cent to $2,350.34 an ounce, adding to the sector’s upward momentum.
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Palladium, however, edged down 0.5 per cent to $1,775.31 an ounce. Despite the slight dip, analysts note that the metal remains positioned to post a monthly gain alongside its peers.
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