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5th July 2025
Trump’s Tariff Extension Pushes Gold Prices Down
Gold prices are falling in today’s trading, pressured by a steady dollar and encouraging U.S. employment data released last week.
The postponement of the tariff agreements from July 9 to August 1 brought relief to the markets, sending spot gold down 0.7% to $3,312.12 per ounce.
September gold futures also declined, losing 0.8% to $3,320.67 per ounce.
Source: Investing.com
4th July 2025
US Employment Stability Dampens the Gold Market
Despite renewed support above $3,300 an ounce, gold is set to close the week below recent highs. June’s US employment growth exceeded analysts’ expectations, weakening the safe-haven market. To break out of the current consolidation phase, gold needs a new bullish catalyst.
Source: Kitco News
3rd July 2025
Trump Tariff Deadline Approaches: Gold on the Rise
No major moves for the price of gold, which opens today with a slight increase of 0.08%, reaching $3,360 per ounce. Support remains strong due to concerns over the U.S. fiscal deficit, along with ongoing uncertainty surrounding the tariff agreements set to expire on July 9. The yellow metal has still gained 2.5% since Monday, recovering the ground lost last week.
Source: Ansa