Gold futures drop 1.5% to $3,297.20 per troy ounce, facing second weekly loss

From Dow Jones & Company: 2025-06-27 04:23:00

Gold futures are on the decline, dropping 1.5% to $3,297.20 per troy ounce. This comes after a previous session of gains, with the precious metal facing its second weekly loss and trading at four-week lows due to reduced safe-haven demand following a cease-fire agreement between Israel and Iran. Investors are considering geopolitical risks in the Middle East alongside uncertainty regarding the impact of tariffs on consumer inflation, as mentioned by Federal Reserve Chair Jerome Powell.



Read more at Dow Jones & Company: Gold Futures on Track for Second Weekly Loss