Gold Declines Due to Stronger Dollar and Eased Tariff Concerns

  • International
  • 29 July 2025
1

Gold prices fell in early Tuesday trading, affected by easing concerns over a global tariff war and the strengthening of the dollar, while investors focused on the Federal Reserve's monetary policy meeting for clues on interest rates.

Spot gold prices dropped 0.2 percent to $3308.39 per ounce, having recorded their lowest level since July 9 in the previous session. U.S. gold futures fell 0.1 percent to $3306.20 per ounce.

Meanwhile, spot silver prices dropped 0.1 percent to $38.12 per ounce. Platinum rose 0.4 percent to $1395.75, while palladium declined 0.7 percent to $1237.88.

Source (Al Arabiya.Net Website, Edited)

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