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Gold Rebounds from Lowest Level in a Month

Thursday 31 Jul 2025 08:17 AM

Gold Rebounds from Lowest Level in a Month

Thursday saw a recovery in gold prices from a one-month low reached in the previous session. The uncertainty sparked by U.S. statements about imposing new tariffs fueled a rise in demand for the safe-haven asset. Gold in spot transactions rose 0.4 percent to $3,286.99 per ounce by 0041 GMT. In the prior session, gold hit its lowest level since June 30.

Meanwhile, U.S. gold futures fell 0.5 percent to $3,282.10. The Federal Reserve opted to keep interest rates unchanged on Wednesday, and comments from Chair Jerome Powell following this decision led to reduced expectations for a rate cut in September.

As for other precious metals, silver held steady in spot transactions at $37.10 an ounce. Platinum fell 0.3 percent to $1,308.85. On the other hand, palladium increased by 0.9 percent to reach $1,216.25.


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