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Gold futures finish sharply lower as Middle East tensions ease

25 Jun 2025 Evaluate

Gold futures finish sharply lower on Tuesday as the ceasefire announcement eased Middle East geopolitical tensions and curtailed safe haven appeal of the bullion. Stronger dollar and rising bond yield notes also saddled the yellow metal rates. Meanwhile, investors were closely eyeing ahead to Jerome Powell’s upcoming speech and the US inflation data, which could further influence market dynamics and gold prices.

Gold futures for August delivery down by $61.10 or 1.8% to settle at $3,333.90 an ounce on the Comex division of the New York Mercantile. However, spot gold up by $3.96 or 0.12% to $3,327.63 an ounce.