Gold prices climbed to a record high today and were headed for their best month in seven on safe-haven demand ahead of the us presidential election:aven demand ahead of the US presidential election, while investors awaited US inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, after hitting a record high of $2,790.15 earlier in the session. Prices have firmed 6% for the month so far. US gold futures dipped 0.1% to $2,797.80. According to Oman News Agency, spot silver fell 0.3% to $33.68 per ounce, platinum was flat at $1,008.68, and palladium fell 0.6% to $1,141.00. All three metals were on track for a monthly gain.
Related Articles
Oman Showcases Thriving Marble Sector at Marmomac 2025 in Italy
Verona: The Sultanate of Oman, represented by the Supervisory Team for the Promotion of Omani Products ‘OPEX’, has commenced its participation in the 59th edition of Marmomac International Exhibition for Natural Stone, Architectural Design and Stone I…
Nikkei Index Rebounds Amid Interest Rate Cut Speculations
Tokyo: The Nikkei index of Japanese stocks rose today, surpassing a two-day decline, as investor sentiment improved due to expectations of a Federal Reserve interest rate cut and positive sales reports from major retailers. The resurgence comes as a r…
Gold Edges Lower as Eased China-US Trade Concerns Reduce Safe-Haven Demand
Muscat: Gold prices today edged lower as softening trade tension between the US and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve’s policy path. Gold prices saw a slight decline in mar…