Muscat: Gold prices rose today as the US dollar weakened, with investors awaiting the Federal Reserve’s monetary policy decision later this week.

According to Oman News Agency, spot gold increased by 0.2% to $3,245.01 per ounce. US gold futures also rose by 0.3% to $3,252.00 per ounce. The US dollar index fell by 0.1% against a basket of rival currencies, boosting the appeal of gold for holders of other currencies.

As for other precious metals, spot silver rose by 0.1% to $32.02 per ounce, while platinum fell by 0.5% to $954.88, and palladium slipped by 0.2% to $951.36.