Muscat: Gold prices today rose, supported by a slight decline in the dollar exchange rate and bond yields, while investors closely monitored developments in trade negotiations amid US President Donald Trump expanding the scope of tariffs. Spot gold rose 0.3 percent to USD 3,322.46 per ounce, while US gold futures climbed 0.3 percent to USD 3,331 per ounce.

According to Oman News Agency, other precious metals showed mixed results in the market. Silver in the spot market increased 0.2 percent to USD 36.41 per ounce. Meanwhile, platinum experienced a decrease of 0.3 percent to USD 1,343.22. In contrast, palladium saw a slight rise of 0.1 percent, reaching USD 1,106.25 per ounce.

The trade negotiations remain a focal point for investors as the changes in tariffs may influence future market movements. The interplay between the weakening dollar and the ongoing trade discussions continues to be a key factor in the fluctuations witnessed across the precious metals market.