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18 April 2024

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Gold hovers near 3-week low as trade war fears ebb, dollar firms

29-07-2025 09:04 AM

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Ammon News - Gold prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion's safe-haven appeal.

Spot gold held its ground at $3,311.33 per ounce, as of 0401 GMT. The precious metal hit its lowest level since July 9 in the previous session.

U.S. gold futures held steady at $3,310.80.

The dollar index held near a more than one-week high, making gold costlier for buyers holding other currencies.

Spot silver was down 0.2% at $38.09 per ounce, while platinum gained 0.6% to $1,397.80 and palladium fell 1.9% to $1,223.02. Reuters




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