11:06 - 24.10.2025

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October 24, Fineko/abc.az. Gold prices declined slightly during Asian trading on Friday, showing the first weekly drop in 10 weeks, as investors take profits after recent record highs and await key data on inflation in the U.S., which will be released later today.

ABC.AZ reports that spot gold fell 0.4% to $4,109.55 per ounce by 09:35 on Baku time, while U.S. gold futures fell 0.5% to $4,123.70.

Gold prices plunged more than by 5% on Tuesday after reaching a historic high of $4,381.29 per ounce earlier in the week.

The metal is expected to fall more than by 3% this week after nine weeks of continuous growth driven by expectations of monetary policy easing and demand for safe assets amid geopolitical tensions.