Gold futures fall below $3,250 for the first time since mid-April

Gold futures on the COMEX, a division of the New York Mercantile Exchange, dropped below $3,250 per troy ounce for the first time since April 15, according to market data.

As of 04:54 Baku time, gold was down 2.01%, trading at $3,247 per ounce. By 05:13, losses had narrowed slightly, with prices at $3,249.3 (–1.96%).