Muscat: Gold prices declined today as investors awaited the release of a key jobs report that could provide further signals on the direction of monetary policy in the United States. Spot gold fell by 0.3 percent to USD 4,440.67 per ounce, retreating from its highest level in more than a week. US gold futures for February delivery also declined by 0.3 percent to USD 4,449.60 per ounce.

According to Oman News Agency, gold prices are currently active around USD 110 below the record high of USD 4,549.71 per ounce reached on 29 December 2025, amid an improvement in the US dollar's exchange rate and profit-taking.

As for other precious metals, spot silver slipped to USD 77.85 per ounce after having reached an all-time high of USD 83.62 per ounce on 29 December 2025. Platinum fell by 0.8 percent to USD 2,288.23 per ounce after hitting a record peak of USD 2,478.50 on Monday, while palladium fell by 0.5 percent to USD 1,756.42 per ounce.