Doha: Gold prices remained steady on Thursday following a significant drop in the previous session. The stabilization comes amid easing trade tensions, which have reduced the demand for safe-haven assets, even as a weaker dollar provided some support.
According to Qatar News Agency, spot gold was stable at $3,388.49 per ounce after experiencing a 1.3% decline in the previous session. U.S. gold futures also showed little change, standing at $3,495.90.
In related precious metals markets, spot silver maintained its position at $39.28 per ounce. Platinum experienced a slight decrease of 0.1% to $1,410.47, while palladium fell by 0.3% to $1,273.98.