Gold Prices Rise as Demand For Safe-haven Assets Increase

Muscat: Gold prices rose today as demand for safe-haven assets increased amid the uncertainty surrounding US President Donald Trump’s tariffs, as well as concerns about economic slowdown, trade tensions, and inflation worries.

According to Oman News Agency, the price of gold in spot transactions rose by 0.1% to $3,015.42 per ounce. US gold futures also climbed by 0.1% to $3,019.40.

As for other precious metals, silver rose by 0.3% in spot transactions to $33.10 per ounce. Platinum dropped by 0.1% to $973.35, and palladium increased by 0.3% to $953.78.