10:35 - 7.10.2025

---

October 7, Fineko/abc.az. Gold prices are increasing in Asian trading on Tuesday, remaining near record highs of around $4,000 per ounce, as demand for defensive assets was supported by growing political uncertainty in the U.S., Japan and France.

ABC.AZ informs that bets on further interest rate cuts in the U.S. have supported the metal markets, with the focus on speeches from Federal Reserve officials this week for more information. Data showing an increase in gold purchases by the People's Bank of China also supported prices for the precious metal.

Spot gold rose 0.4% to $3,974.57 per ounce after peaking at $3,977.45 per ounce earlier in the session. Gold futures for December delivery grew 0.6% to $3,998.12 per ounce by 09:02, peaking at $4,000,05 per ounce.