Muscat: Gold prices today rose amid growing demand for safe-haven assets, but the Federal Reserve’s cautious stance on interest rate cuts limited the precious metal’s gains. Spot gold was up 0.2% at $3,376.48 an ounce, while US gold futures eased 0.4% to $3,393.70.
According to Oman News Agency, spot silver eased 0.2% to $36.66 per ounce. In contrast, platinum experienced a rise of 1.5% to $1,342.36, and palladium gained 0.6% to reach $1,055.18. The Federal Reserve’s decision on Wednesday to keep interest rates unchanged at a range of 4.25-4.5% has been a significant factor influencing these market fluctuations.