16:52 - 7.07.2025

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July 7, Fineko/abc.az. Today, gold prices dropped almost by 1% to $2,312.6 per ounce. 

ABC.AZ reports that the reason for this is the strengthening of the US dollar and the expectation of new duties announced by the U.S. Dollar index DXY increased by 0.2%, which traditionally reduces interest in dollar-denominated raw materials.

Trump confirmed the introduction of increased duties from August 1 and threatened additional tariffs to countries supporting the BRICS. The U.S. Treasury Department clarified that the measures will affect those who do not conclude trade agreements with Washington.