11:13 - 24.06.2025
June 24, Fineko/abc.az. Today, on June 24, the price of gold is declining more than by 1% amid a decrease in geopolitical tensions in the Middle East, according to trading data and media reports.
ABC.AZ reports that as of 8:35 a.m. (Baku time), gold futures were down 1.29% to $3,351.3 per ounce. According to Bloomberg, the cause of the fall in prices for the precious metal was U.S. President Donald Trump’s statements that Iran and Israel had agreed on complete ceasefire.
The growing demand for reliable assets due to increased geopolitical tensions has become one of the main catalysts for gold's 28% growth this year. Bullions also gained support because of concerns on the occasion of economic impact of Trump's tariffs and increased purchases from central banks.
