Gold prices experienced a notable decline on July 7, 2025, with spot gold falling by over 1% to $3,302.60 per ounce, dropping below the $3,305 level and reaching under $3,300 for the first time since June 30. Some reports noted the price at approximately $3,310 per ounce. This decrease in gold prices is attributed to market reactions to changes in U.S. trade policies, including new tariff announcements by President Donald Trump's administration. Analysts highlighted that global market uncertainties and the evolving U.S. trade stance have influenced the downward trend in gold prices during the first trading day of the week.