On Tuesday evening, gold prices showed a decline amid increased investor interest in risky assets after the mitigation of trade threats from the United States.
August gold futures on the Comex exchange lost 0.9% to $3,312.15 per troy ounce. Silver is also declining: the September contract is down 0.65% to $36,665 per ounce.
The reason for the weakening of the position of precious metals was the decision of US President Donald Trump to postpone the introduction of increased import duties from July 9 to August 1, 2025. This eased concerns in the markets and increased interest in a more profitable but less stable asset.
«The trade situation remains in the spotlight. Despite the continued pressure from the administration, market participants are showing moderate optimism, which puts pressure on gold,» commented Peter Grant, Senior Metals Strategist at Zaner Metals.
