London: Gold prices today climbed as a softer dollar and renewed trade tensions fueled safe-haven demand. Spot gold was up 0.7% at $3,223.55 an ounce, and US gold futures gained 1.3% to $3,228.70.

According to Oman News Agency, gold had shed more than 2% on Friday and posted its worst week since November 2024, as increased risk appetite from the US-China trade agreement weighed on the precious metal. Despite this recent downturn, the current market conditions have led to a resurgence in gold prices.

Additionally, spot silver firmed 0.5% to $32.42 an ounce, platinum rose 0.3% to $990.71, and palladium gained 0.5% to $965.23. These movements in the precious metals market reflect the ongoing fluctuations influenced by global economic factors and currency valuations.