09:10 AM EDT, 07/25/2025 (MT Newswires) -- Gold futures fell for a third day early on Friday, continuing a retreat from Tuesday's record high as the dollar strengthens and traders take profits.

Gold for December delivery was last seen down US$31.30 to US$3,399.80 per ounce. Tuesday, the metal posted a record high of US$3,501.80

The dollar continues to rise off month lows as the United States reached a tariff deal with Japan and better than expected economic reports ease concerns over slowing growth. The U.S. Census Bureau on Friday reported June durable goods orders last month fell by 9.3%, down from a rise of 16.5% in May but better than the consensus estimate for a drop of 11.1% according to Marketwatch.

The dollar rose following the data, bearish for commodities priced in the currency, with the ICE dollar index last seen up 0.44 points to 97.82.

Treasury yields are higher. The U.S. two-year note was last seen paying 3.94%, up 0.9 basis points, while the yield on the 10-year note was up 2.9 points to 4.431%.