MUSCAT : Investors are also closely watching for signals on the Federal Reserve’s interest rate policy.
Spot gold rose 0.1% to $2,914.42 per ounce, while U.S. gold futures gained 0.3% to $2,921.90. Analysts note that while gold traditionally thrives during economic and political uncertainty, prolonged high interest rates can curb its appeal as a non-yielding asset.
Among other precious metals, market movements were mixed:
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- Oil rises on supply fears as Middle East attacks escalate
- Oman’s standard government contracts initiative aims to boost public spending efficiency
- World Bank forecasts 23% rise in global commodity prices in 2026
- Oman signs 28 investment deals worth more than RO 304 million
- Gold prices edge higher as markets await US Federal Reserve decision
Silver rose 0.1% to $32.56 per ounce
Platinum remained steady at $962.90
Palladium dipped 0.2% to $946.30
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