Gold futures declined significantly on Thursday, with the August 2025 contract falling $24.10 (0.71%) to close at $3,356 per troy ounce as of 5:40 PM ET. The decline followed reports that Presidents Trump and Xi Jinping held an extensive 90-minute discussion focused exclusively on normalizing trade relations between the world's two largest economies.

Gold futures surged Wednesday, with the most active August contract (GCQ2025) climbing $19.50, or 0.58%, as of 4:35 ET, driven primarily by U.S. dollar weakness following disappointing economic indicators that have reignited speculation about potential Federal Reserve policy easing.

0.85%, as investors took profits following Monday's substantial $93.30 rally. The precious metal's retreat coincided with a recovery in the U.S. dollar index, which climbed 0.58% from its lowest levels since mid-April, creating headwinds for dollar-denominated commodities.

Gold markets experienced a significant rally today, with prices advancing sharply as investors sought refuge from mounting trade disputes and escalating geopolitical risks. The precious metal's appeal as a safe-haven asset was reinforced by a confluence of factors that highlighted global economic and political uncertainties.

Gold futures encountered significant headwinds on Friday, closing down $27.70 or 0.84% at 4:45 PM Eastern Standard Time, extending weekly losses to approximately $71 or 2.09% and a 0.3% decline on the month. The precious metal's decline coincided with encouraging inflation data that strengthened the U.S. dollar and reinforced expectations for prolonged higher interest rates.

Gold futures surged nearly 1% in today's trading session, with the most active June contract gaining approximately $30 as investors responded to a confluence of economic developments that strengthened the precious metal's appeal. The rally represents a significant rebound from recent weekly lows, driven primarily by dollar weakness and concerning employment data.

Gold markets absorbed today's Federal Open Market Committee minutes with characteristic resilience, posting only modest losses despite clear signals that monetary policy adjustments remain off the table for the near term.

The precious metals market experienced a notable reversal this week as gold prices retreated from recent highs, driven by the same geopolitical forces that had previously fueled the metal's ascent. 

Gold prices have delivered an extraordinary performance over the past eight trading sessions, culminating in today's spectacular close that has sent shockwaves through precious metals markets worldwide.

Record-Breaking Session

Gold futures extended their winning streak to a third consecutive day as investors seek safe-haven assets amid possible escalating geopolitical tensions in the Middle East. The most active June 2025 contract climbed $34.50 or 1.05% to settle at $3,319.10, successfully maintaining its position above the key technical support level of $3,180.