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Gold Gains as Dollar Weakens

Doha: Gold prices rose on Thursday, supported by a slight decline in the dollar exchange rate and bond yields, while investors closely monitored developments in trade negotiations amid US President Donald Trump expanding the scope of tariffs. Spot gold rose 0.3 percent to USD 3,322.46 per ounce, while US gold futures climbed 0.3 percent to USD 3,331 per ounce.

According to Qatar News Agency, other precious metals showed varied movements. Silver in the spot market increased 0.2 percent to USD 36.41 per ounce. In contrast, platinum experienced a decline of 0.3 percent, falling to USD 1,343.22 per ounce. Meanwhile, palladium saw a slight rise of 0.1 percent, reaching USD 1,106.25 per ounce. Investors are keenly observing the impact of ongoing trade discussions and tariff changes on the broader market.


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