Spot prices for precious metals experienced notable fluctuations in late July and early August 2025. Platinum prices declined by 3% to $1,352.45 per ounce, while palladium fell 5% to $1,194.25 per ounce. Gold prices initially dropped 1% to $3,292.78 per ounce following the Federal Reserve's decision but later rebounded, climbing nearly 2% to $3,354.45 per ounce by August 1. The gold price continued to edge higher, reaching around $3,362 per ounce by early August, driven by both speculative and real demand amid market reactions to new U.S. tariffs and upcoming U.S. jobs data. Analysts have projected gold could reach between $4,000 and $7,000 per ounce by 2030. AngloGold reported strong quarterly results, with gold prices at $3,287 at the end of June, all-in sustaining costs of $1,694, a 149% increase in free cash flow, a 108% rise in headline earnings per share, and a 92% reduction in net debt. The company’s stock rose 6.4% on Friday and was added to Russell US indexes. Despite recent gains, gold prices faced a likely technical correction as traders assessed soft U.S. jobs data and its implications for the Federal Reserve’s interest-rate policy. The gold price 200-day moving average was approaching the $3,000 per ounce level, indicating ongoing market attention to technical indicators.