Muscat: Gold prices today rose to a two-week peak as investors leaned toward the safe-haven asset amid mounting concerns over the US government’s growing debt and soft demand for 20-year Treasury bonds, highlighting low appetite for US assets. Spot gold was up 0.7% at $3,336.43 an ounce, after hitting its highest level since 9 May 2025. US gold futures rose 0.7% to $3,337.60.

According to Oman News Agency, the dollar is hovering near a two-week low hit in the previous session, making greenback-priced gold cheaper for holders of overseas currency. Spot silver rose nearly 1% to $33.66 an ounce, platinum fell 0.4% to $1,072.43, and palladium lost 1.4% to $1,023.50.