May 29, 2025

Gold Hits Over 1-Week Low

Muscat: Gold today touched a more than one-week low. Spot gold was down 0.7% at $3,268 an ounce, after hitting its lowest since 20 May 2025. US gold futures dropped 0.1% to $3,265.

According to Oman News Agency, spot silver

OPEC+ Agree to Establish Mechanism Setting Production Baselines

Muscat: The OPEC+ alliance, in its 39th ministerial meeting, agreed to establish a mechanism to assess maximum sustainable production capacity, which will serve as a reference for production levels in the year 2027, while maintaining current productio…

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