15:39 - 17.07.2025

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July 17, Fineko/abc.az. Gold prices declined during Asian trading on Thursday amid some improvement in risk appetite after U.S. President Donald Trump dispelled concerns about the premature dismissal of Fed Chairman Jerome Powell.

ABC.AZ informs that pressure is also exerted by the strengthening dollar, which has stabilized after the inflation data. Despite this, the demand for gold as a protective asset remains high due to the uncertainty surrounding the U.S. tariff policy. Platinum and silver are holding their positions.

The spot price of gold fell 0.2% to $3,342.09 per ounce, while gold futures for September delivery fell 0.3% to $3,348.40 per ounce by 08:49 on Baku time.