Muscat: Gold rose today on weak dollar and Treasury yields, as investors awaited inflation data to assess the Federal Reserve’s policy path amid simmering trade tensions and fears of economic slowdown. Spot gold rose 0.3% to $2,898.27 an ounce, while US gold futures firmed 0.1 to $2,902.50.

According to Oman News Agency, the dollar index hovered near a four-month low hit last week, making bullion less expensive for overseas buyers, while benchmark 10-year US Treasury yields fell. Investors now await US Consumer Price Index (CPI) data due tomorrow (Wednesday) to analyse the Fed’s interest rate stance.

Spot silver added 0.3% to $32.19 an ounce, platinum was steady at $957.89 and palladium lost 0.3% to $940.47.