Gold prices climb for fifth straight week amid inflation worries

MUSCAT : As investors remained wary of tariffs and awaited an inflation report that could shape the Federal Reserve’s next move on interest rates, spot gold rose 0.1% to $2,795.92 an ounce, extending a 1% gain this week as market uncertainty fueled demand for the precious metal.

Among other precious metals, silver gained 0.4% to $31.54 per ounce, while platinum inched up 0.1% to $967.80. However, palladium slipped 0.2% to $987.10.Investors are closely monitoring the upcoming inflation data, which is expected to provide insights into the Fed’s monetary policy trajectory.