Gold futures for August delivery fell below 4.3 thousand dollars per troy ounce (31.10 grams).
According to Oxu.Az citing auction data, the precious metal dropped to 4,291 dollars, the lowest level recorded since March 23, 2026.
The decline in gold is attributed to several factors, including a reassessment of expectations regarding global central banks' future monetary policy, capital outflows from exchange-traded funds, profit-taking, and massive sales of the metal by some sovereign wealth funds to cover budget deficits.
