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Price of gold futures down below $3,250 per troy ounce first since May 5

By 11:04 a.m. Moscow time, the price of gold had extended losses to 1.66% and traded at $3,232.9 per troy ounce

MOSCOW, May 12. /TASS/. The price of gold futures contracts for June 2025 delivery on the Comex exchange (a division of the New York Mercantile Exchange) has fallen below $3,250 per troy ounce for the first time since May 5, according to trading data.

As of 10:07 a.m. Moscow time (7:07 a.m. GMT), the gold price was down by 1.23% at $3,247.2 per troy ounce. By 11:04 a.m. Moscow time (8:04 a.m. GMT), the price of gold had extended losses to 1.66% as it traded at $3,232.9 per troy ounce.