Gold Prices Experience a Minor Decline Amid Dollar Strength and Bond Returns
On February 27, 2025, gold prices experienced a slight decline during the trading session, influenced by the strengthening of the U.S. dollar and rising yields in U.S. Treasury bonds.
In immediate trading, gold decreased by 0.1% to reach $2,912.94 per ounce as of 05:32 Baghdad time. Similarly, U.S. gold futures also fell by 0.1%, standing at $2,927.20.
The dollar index rose by 0.2% against other major currencies, distancing itself from its lowest point in 11 weeks. This increase follows ambiguous announcements by U.S. President Donald Trump regarding potential tariffs on European imports, coupled with a postponement of previously planned fees directed at Canada and Mexico.
Performance of Other Precious Metals
In addition to gold, the market showed mixed performance in other precious metals. Silver remained stable in immediate transactions at $31.84 per ounce. Platinum saw a minor decline of 0.1%, now priced at $964.95, while palladium also decreased by 0.1%, with its value reaching $926.03.
| Metal | Price (per ounce) | Change (%) |
|---|---|---|
| Gold | $2,912.94 | -0.1% |
| Silver | $31.84 | 0% |
| Platinum | $964.95 | -0.1% |
| Palladium | $926.03 | -0.1% |
As market dynamics continue to evolve, stakeholders will monitor these trends closely, particularly as they reflect broader economic conditions and currency fluctuations.