11:56 - 3.11.2025

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November 3, Fineko/abc.az. Gold prices have increased slightly during Asian trading on Monday, but remain under pressure after two consecutive weeks of declines, as uncertainty about future interest rate cuts in the U.S. and easing trade tensions reduced demand for the safe metal.

ABC.AZ informs that spot gold rose 0.4% up to $4,017.13 per ounce by 10:19 a.m. on Baku time, while U.S. gold futures rose 0.8% up to $4,027.55.

Gold prices fell more than by 2% last week, marking the second consecutive weekly decline. Nevertheless, the metal showed almost 4% monthly growth in October.