News

25 Jun 2025

Gold prices rise as U.S. monetary policy outlook is assessed

Gold futures prices rose following a decline in U.S. consumer confidence during June, amid growing uncertainty over the tariffs imposed by President Donald Trump.

On Wednesday, gold futures for August delivery increased by 0.3%, or $9.50, to $3,343.40 per ounce.

Meanwhile, spot gold prices rose by 0.25%, or $8.54, reaching $3,332.21 per ounce as of 8:39 AM Mecca time.

The U.S. dollar index—which measures the performance of the greenback against a basket of six major currencies—rose by 0.1% to 97.97 points.

While silver futures for September delivery increased by 0.55% to $36.27 per ounce, spot platinum prices rose by about 0.35% to $1,324.85, whereas spot palladium prices declined by around 0.1% to $1,067.73.

This comes after the Conference Board survey showed a drop in U.S. consumer confidence this month, amid ongoing concerns about the impact of tariffs on the economy and prices.

Federal Reserve Chair Jerome Powell is scheduled to testify before a Senate committee later today regarding the Fed's semiannual monetary policy report

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