Gold Prices Inch Higher Amid Increasing Safe-haven Demand

Muscat: Gold prices inched higher today to hover near an all-time high hit in the last session amid increasing safe-haven demand. Spot gold was up 0.1% at $2,867.79 per ounce. Bullion hit a record high of $2,882.16 in the previous session. US gold futures shed 0.2% to $2,887.10.

According to Oman News Agency, spot silver added 0.1% to $32.35 per ounce, platinum edged 0.2% higher to $981.81, and palladium gained 0.1% to $990.66. This upward trend in precious metals reflects growing interest from investors seeking to safeguard their assets amid market uncertainties.