Muscat: Gold rose for a third straight session today as fears of a US interest rate hike next month eased, with investors awaiting insights from the Federal Reserve's latest meeting for fresh clues on the monetary policy path. Spot gold was up 0.4% at $4,431.09 per ounce, while US gold futures for December delivery edged 0.3% higher to $4,487.70. According to Oman News Agency, among other metals, spot silver rose 0.8% to $66.33 per ounce. Platinum inched 0.5% higher to $1,779.50, while palladium remained almost stable at $1,332.50. Investors are closely monitoring the developments from the Federal Reserve and the potential impact on the metal markets.
Related Articles
European Stocks Open Mixed As Markets Await US Monetary Policy Updates
European stock indices opened mixed today: European stock indices opened mixed today, amid a state of caution and anticipation in the markets, with investors monitoring developments in US monetary policy.
According to Oman News Agency, in the major …
30 Dead in Coal Mine Blast in Iran
At least 30 people have died as a result of a blast at a coal mine in South Khorasan province, Iran.
The director general of the provincial crisis management department reported that the explosion occurred while 69 workers were present in the mine.
…
Oman E-Commerce Forum 2025 Showcases Global Updates in Digital Economy
Muscat: Oman Investment Authority (OIA) has launched a new legal specialization track, termed ‘Mutamad’ (or Accredited), for employment-linked training. The programme is in pursuance of earlier programmes launched by the OIA in the fields of finance, …
