Muscat: Gold prices today fell to their lowest in more than a month, as easing trade tensions between US and China dampened safe-haven demand. Spot gold was down 0.3% at US$3,264.64 per ounce, after hitting its lowest level since 29 May 2025. US gold futures fell 0.4% to US$3,275.30.

According to Oman News Agency, the decline in gold prices comes amid improving relations between the United States and China, which has reduced the need for safe-haven assets. This easing of tensions has shifted investor focus away from gold, traditionally seen as a secure investment during times of geopolitical uncertainty.

Other precious metals also experienced changes in their market positions. Spot silver was down 0.4% at US$35.84 per ounce. In contrast, platinum saw a firming of 0.4%, reaching US$1,344.63. Meanwhile, palladium experienced a decrease of 0.6%, with prices at US$1,127.23 per ounce.