Gold prices slip-

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FE Team | Published: July 08, 2025 23:40:02

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Gold prices eased on Tuesday, weighed by higher US Treasury yields as US President Donald Trump announced new tariff proposals on trading partners, including Japan and South Korea, reports Reuters.
Spot gold was down 0.2 per cent at $3,328.67 per ounce, as of 1207 GMT. US gold futures fell 0.1 per cent to $3,338.20.
The yield on benchmark US 10-year notes rose to a two-week peak, making the non-yielding bullion less attractive.
"Gold is stuck between a rock and a hard place," said UBS commodity analyst Giovanni Staunovo.
"Negative for the gold price is the US decision to extend the deadline for a trade deal for many trade partners, positive for the gold price is the fact that key US trading partners in Asia might have to deal with higher tariffs in the near future, weighing on economic growth prospects."
Spot silver fell 0.1 per cent to $36.71 per ounce, platinum rose 0.2 per cent to $1,372.51, and palladium rose 0.6 per cent to $1,117.33.