Gold futures rise slightly but still down for the week, weakening demand predicted

From Dow Jones & Company: 2025-06-30 12:04:00

Gold futures have risen slightly to $3,301.10 per troy ounce, but are still down 2.8% for the week. Prices stabilized in June due to easing tensions in the Middle East and a positive global growth outlook, despite a weaker U.S. dollar and Treasury rates, according to Citi analysts.

Analysts predict a peak in the gold market deficit in the third quarter of 2025, followed by a weakening trend driven by lower investment demand. Anticipation of President Trump’s proposed bill and new trade deals with key partners may alleviate U.S. growth concerns and reduce gold demand, according to a U.S. bank.

Read more: Gold Futures Recoup Some Losses Though Demand Looks Set to Weaken