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Gold bullion prices ease on profit taking
Business World Philippines
|August 05, 2025
GOLD PRICES edged lower on Monday as investors booked profits after a sharp rise in the previous session on weaker-than-expected US jobs data that boosted expectations for a US Federal Reserve interest rate cut in September.
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Spot gold lost 0.1% to $3,360.62 per ounce, as of 0432 GMT. Bullion rose more than 2% on Friday. However, US gold futures gained 0.4% to $3,412.80.
“Gold has made a conservative start to the week following Friday’s price jump. A combination of profit taking and dollar stabilization has caused gold to ease marginally to kick off the week,” KCM Trade chief market analyst, Tim Waterer, said.
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