News

01 Aug 2025

A slight decline in gold futures prices

Gold futures prices declined and are expected to post a weekly decline, amid the dollar's weekly gains amid escalating trade tensions between the United States and several countries.

During Friday's trading, gold futures for December delivery—the most active contract—declined slightly by 0.1%, or $3.50, to $3,345.10 per ounce.

Spot gold rose by 0.15%, or $5.72, to $3,295.65 per ounce.

The dollar index, which measures the performance of the US currency against a basket of six major currencies, was steady at 99.98.

While silver futures for September delivery fell 0.2% to $36.64 per ounce, spot platinum prices rose 0.4% to $1,297.38, and palladium rose 0.55% to $1,205.62.

Markets are awaiting US jobs data due later today for further clues on the Federal Reserve's interest rate cut path after the bank held rates steady earlier this week

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