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Gold Prices Increase as Investors Eye US Interest Rate Signals

Taipei:Gold prices experienced a slight increase at the start of Asian trading on Friday, as investors looked for indications regarding the direction of US interest rates.

According to Qatar News Agency, spot gold rose by 0.4 percent, reaching USD 4,103.55 per ounce, positioning it for a weekly gain of approximately 5.9 percent.

In contrast, US gold futures for December delivery remained steady at USD 4,112.80 per ounce. Additionally, spot silver increased by 0.5 percent to USD 52.01 per ounce, platinum held its ground at USD 1,517.20 per ounce, and palladium stayed stable at USD 1,031.01 per ounce.

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Oman Oil Price Rises by Over a Dollar

Muscat:The official price of Oman crude oil for January delivery reached USD 94.58 per barrel on Friday.

According to Qatar News Agency, Oman crude oil recorded a rise of USD 1.52 compared to Thursday’s price, which stood at USD 93.06.

The monthly…