Muscat: Gold prices edged higher today as a weaker U.S. dollar and mounting geopolitical tensions surrounding Ukraine boosted demand for the safe-haven metal. Concerns over U.S. tariff policies also weighed on global markets.
Key Market Highlights
- Spot gold rose 0.3% to $2,866.76 per ounce.
- U.S. gold futures surged 1.1% to $2,880.50 per ounce.
- The dollar index slipped 0.4%, retreating from a two-week high, making gold more attractive to investors holding other currencies.
Other Precious Metals Performance
- Spot silver gained 0.5% to $31.30 per ounce.
- Palladium climbed 1% to $928.54 per ounce.
- Platinum dipped 0.2% to $945.45 per ounce.
Investors are closely watching developments in Ukraine and U.S. trade policies, which could further influence global markets and safe-haven demand for gold.
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