Gold settles lower as safe-haven demand eases

24/07/2025 Argaam
Gold bars

Gold bars

Gold prices declined on Thursday as trade tensions eased, reducing demand for safe-haven assets.

 

August gold futures dropped 0.70%, or $24.1, to $3,373.50 per ounce.

 

The market is optimistic about trade deals — first with the US and Japan, and now possibly the EU, Reuters reported, citing Aakash Doshi of State Street Investment Management.

 

He added that strong equities and low volatility have weighed on gold's upside.

 

"Any potential interference with Fed independence is supportive for gold over the medium to long term," Doshi said.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.