Muscat: Gold prices fell today, pressured by a stronger dollar and fading hopes for a Federal Reserve interest rate cut, as well as rising oil prices amid concerns about a prolonged US-Israel-Iran war and stronger-than-expected US jobs data. Spot gold fell 0.9 percent to $4,631.69 an ounce, while US gold futures for April delivery dropped 0.5 percent to $4,657.50 in thin trading as many markets in Asia and Europe were closed for holidays. According to Oman News Agency, other precious metals also experienced declines. Spot silver fell 1.4 percent to $71.98 an ounce, spot platinum declined 0.9 percent to $1,970.38, while palladium held steady at $1,503.52. The fluctuations in precious metal prices reflect a market response to economic indicators and geopolitical tensions impacting investor sentiment.
Gold Prices Fall as Hopes for Interest Rate Cuts Fade
Gold Prices Fall as Hopes for Interest Rate Cuts Fade
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