11:12 - 9.07.2025

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July 9th, Fineko/abc.az. Gold prices declined in Asian trading on Wednesday, showing limited demand for safe assets as uncertainty over U.S. trade tariffs and interest rates pushed traders towards the dollar.

ABC.AZ informs that copper prices in the U.S. stood out among the base metals, reaching record highs after President Donald Trump threatened to impose a 50% tariff on imports of the red metal.

Copper futures in London fell on Tuesday and Wednesday.

Prices for a wider range of metals also mostly declined under pressure from a stronger dollar, which largely maintained its rebound from recent three-year lows.

The spot price of gold fell 0.2% to $3,294.88 per ounce, while gold futures for September delivery fell 0.4% to $3,303.20 per ounce by 05:55 on Baku time.