Gold Prices Show Slight Decline Amidst Uncertainty Over US Customs Plans
Gold prices experienced a minor dip during Asian trading on March 7, 2025. Despite this reduction, the market is poised to record a weekly gain, bolstered by rising concerns regarding US President Donald Trump’s customs policies, which are driving increased demand for this precious metal.
In immediate transactions, gold prices fell by 0.3%, settling at $2,900.48 per ounce as of 05:17 Baghdad time. However, this figure reflects a 1.6% increase from the beginning of the week. Additionally, US gold futures were noted to have decreased by 0.6%, amounting to $2,908.70.
In terms of other precious metals, significant fluctuations were observed. Silver maintained stability at $32.60 per ounce, while platinum registered minimal movement, priced at $965.23. Palladium, on the other hand, saw a slight decrease of 0.3%, reaching $939.25.
| Metal | Price (per ounce) | Change (%) |
|---|---|---|
| Gold | $2,900.48 | -0.3% |
| Silver | $32.60 | — |
| Platinum | $965.23 | — |
| Palladium | $939.25 | -0.3% |
As the week progresses, these trends indicate a complex interplay between market sentiment and external factors, highlighting the ongoing volatility in precious metal prices.
