Muscat: Gold prices held steady today as markets evaluated the possible consequences of US President Donald Trump's policies in his second term after his inauguration. Spot gold remained flat at $2,707.19 per ounce.

According to Oman News Agency, US gold futures experienced a slight dip of 0.7%, bringing them down to $2,730. Meanwhile, spot silver saw a decline of 0.5%, settling at $30.34 per ounce. In the broader precious metals market, palladium experienced a drop of 1.2%, reaching $933.25, and platinum saw a decrease of 0.6%, priced at $936.95.

The stability in gold prices comes as investors and market analysts closely monitor the potential implications of the newly initiated policies under President Trump's administration. The fluctuations in other precious metals highlight the ongoing uncertainties and market reactions as the new term unfolds.