Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Precious Metals Rebound: Gold and
Silver Stage Recovery After Sharp Declines
Muscat, 30 Dec 2025 (ONA) — Gold
prices moved higher today, staging a recovery from a two-week low hit in the
prior session. The previous sell-off was driven by a wave of year-end
profit-taking that triggered a broad retreat across precious metals after a
period of record highs.
Spot gold climbed by one percent
to $4,374.83 per ounce. The metal had surged to an all-time high of $4,549.71
on Friday before retreating to its lowest level since 17 December on Monday,
marking its largest single-day drop since 21 October 2025.
U.S. gold futures for February
delivery advanced 0.8 percent to $4,377.80 per ounce.
The yellow metal has delivered a
remarkable performance in 2025, gaining approximately 66 percent year-to-date.
This rally has been fuelled by interest rate cuts, market expectations for
further monetary easing from the U.S. Federal Reserve, ongoing geopolitical
conflicts, robust demand from central banks, and increased holdings in
gold-backed exchange-traded funds (ETFs).
Silver also saw a significant
recovery, with spot prices rising three percent to $74.41 per ounce. This
follows a sharp reversal on Monday, when the metal retreated from an all-time
peak of $83.62 to record its largest daily decline since 11 August 2020.
In other precious metals, spot
platinum gained 1.1 percent to $2,132.86 per ounce. This follows its
largest-ever daily drop on Monday after it touched an unprecedented high near $2,478.50.
— Ends/Khalid