COMMODITY
Gold futures trade higher in early deals on Monday
Jul-14-2025

Gold futures traded higher in early deals on Monday, near a three-week peak, buoyed by safe haven appeal of the bullion following President Donald Trump’s announcement of new tariffs. Trump set a 30% tariff on EU and Mexico, citing their trade deficits with the US as a ‘major threat’ to national security. Meanwhile, investors are closely watching key US economic reports this week-including CPI, PPI, industrial production, and retail sales-for clearer signals on the Federal Reserve’s next policy decision. The yellow metal for the most active contract marked 0.52% gain for the week.

Gold futures for August delivery up by $9.70 or 0.29% to $3,373.70 an ounce on the Comex division of the New York Mercantile. However, spot gold down by $0.63 or 0.02% to $3,354.96 an ounce.


  RELATED NEWS >>