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Gold Prices Steady as Safe-Haven Demand Eases

Wednesday 25 Jun 2025 06:27 AM

Gold Prices Steady as Safe-Haven Demand Eases

Gold prices remained steady on Wednesday following a decrease in safe-haven demand after the ceasefire between Israel and Iran. However, a weakening dollar and bargain hunting after the previous session's drop helped limit losses.

Spot gold held at $3326.39 per ounce by 0042 GMT, having hit its lowest level in more than two weeks on Tuesday.

U.S. gold futures edged up 0.2% to $3340. The dollar index hovered near its lowest in a week, making dollar-priced gold more appealing to overseas buyers.

As for other precious metals, silver in the spot market rose 0.1% to $35.94 per ounce. Platinum decreased by 0.2% to $1313.88, while palladium dropped 0.2% to $1064.01.


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