Gold futures close higher on better demand
News reports meanwhile said US President Donald Trump's latest statements - warning of new tariffs on countries aligned with BRICS policies and setting an Aug 1 deadline for fresh negotiations with China - have triggered risk-off sentiments in the markets, pushing investors toward safe-haven assets like gold.
The spot-month July 2025 contract rose to US$3,337.80 per troy ounce from US$3,320.80 on Monday, the August 2025 contract gained to US$3,353.20 from US$3,335.90, and the September 2025 contract increased to US$3,368.10 from US$3,350.80 previously.
The October 2025, December 2025 and February 2026 contract each improved to US$3,386.90 from Monday's US$3,369.60.
Trading volume went up to 31 lots versus 21 lots yesterday, while open interest increased to 61 contracts from 41 contracts previously.
Physical gold was priced at US$3,315.35 per troy ounce, according to the London Bullion Market Association's afternoon fix on July 7, 2025.
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