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Precious Metals Preview: COMEX gold lingers around $3300 mark
08-Jul-2025 08:59

COMEX gold futures continue to linger around $3300 mark on Tuesday morning in Asia as dollar regaining some of its strength following persistent decline could be adding pressure on the counter. Meanwhile, delay in tariff deadline eased concerns, thus reducing safe haven appeal for the yellow metal although continues tensions surrounding Middle East turmoil keeps the commodity supported. The White House said late Monday that Trump has signed an executive order pushing the tariff implementation deadline from July to August 1. Moreover, according to a new report from the World Gold Council (WGC), global central banks have picked up on buying gold in May compared to other months. China's central bank also added gold to its reserves in June for the eighth month in a row, official data from the People's Bank of China (PBOC) showed. Currently, the commodity is trading at $3341.10 an ounce, down marginally on the day.

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