Gold ends the first half of the year with a gain of 25.70%.

Gold futures closed the first half of 2025 up 25.70% at $3,298.17 an ounce, while copper gained 26.62% and silver 24.84%.

On the last day of June, gold rose, supported by a weakening dollar, as investors eagerly awaited U.S. economic data due later this week to learn the Federal Reserve's monetary policy direction.

"A weaker dollar today is providing some support. But we're still within the well-defined range that has dominated since mid-May," said Peter Grant, vice president and senior metals strategist at Zaner Metals.

The dollar fell against the yen and hit its lowest level in nearly four years against the euro, as market optimism about U.S. trade deals bolstered bets that the Federal Reserve would cut interest rates sooner.

On the trade front, the United States and China last week resolved issues related to rare earth minerals and magnet shipments, renewing hopes for further talks between the two superpowers.

Canada eliminated its digital services tax targeting American technology companies late Sunday to revive stalled trade negotiations with the United States.

Gold, traditionally considered a hedge in times of uncertainty, also thrives in a low-rate environment.

Investors are now awaiting the US ADP employment data, due Wednesday, and the initial jobless claims data, due Thursday, for clues about the central bank's potential policy direction.

Citi analysts said in a note that gold prices will consolidate between $3,100 and $3,500 in the third quarter, noting that the late April high of $3,500 could already be the peak as the gold market deficit nears its peak.

Copper prices fell on Monday as investors digested mixed data from China, the largest consumer of the metal, and progress in trade negotiations between Canada and the United States.

Three-month copper on the London Metal Exchange fell 0.4% to $9,840 a tonne in opening trade, after hitting its highest level in three months on Friday.

"We had a pretty good week in the financial markets, with a lot of risk, and we're now consolidating those gains," said Dan Smith, managing director of Commodity Market Analytics.