Gold prices decrease as geopolitical tensions ease and trade optimism grows, impacting demand for safe-haven assets.

From Investing.com: 2025-06-30 04:53:00

Gold prices decreased to around $3,272 as geopolitical tensions eased and positive trade developments reduced demand for safe-haven assets. Investors shifted to riskier assets amid a fragile ceasefire between Israel and Iran and news of trade agreements with China, India, Mexico, and Vietnam. Key US labor market data this week could impact gold’s trajectory. XAU/USD rebounded but may be influenced by ECB President Lagarde’s speech.

The euro rose to 1.17500 as the US dollar weakened on Fed policy uncertainty. European data remained strong while US consumer spending fell in May. Market participants await ECB President Lagarde’s speech for policy signals. EUR/USD remained steady with support at 1.16800 and resistance at 1.17539.

The Japanese yen strengthened to 144.000 as the US dollar weakened on dovish Fed outlook. JPY remains sensitive to global risk sentiment and US monetary policy expectations. Japan’s industrial production rose less than expected in May, impacted by US tariffs. USD/JPY continued to fall, with traders watching the 143.750 level closely. Market awaits Bank of Japan’s Tankan survey for insights into economic outlook.



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