Global gold price today May 9 2025
Gold Price Rises 0.39% to $3,318.71 per Ounce Today
According to a report by the International Economics Desk of Webangah News Agency,citing Reuters via Tasnim,gold prices stabilized in Friday’s trading session as investors increased their purchases,with markets focused on U.S.-China trade negotiations.
Today, the price of gold per ounce rose by 0.39%, reaching $3,318.71. Simultaneously occurring, gold futures on New York’s COMEX market also climbed by 0.69%, settling at $3,326.80.
On Thursday, Donald Trump announced progress toward a trade deal with the UK, causing gold prices to dip in early trading hours today to as low as $3,274.38.
Global Gold Price Today – 2025/05/09
$3,318.71
Donald Trump and UK Prime Minister Keir Starmer agreed to maintain a 10% tariff on goods imported from Britain. The UK has consented to uphold tariffs on imports… (translation continues if full text is provided)Gold Prices Drop in the U.S. from 5.1% to 1.8%, Increasing Access to American Markets
Analysts believe that the progress of trade negotiations between the U.S. and China will determine whether gold prices rise above $3,300 or decline further in the coming week.
Trump also stated that he expects fundamental negotiations with China on trade issues soon and predicted that potential tariffs of 145% on Chinese imports would likely decrease.
gold has historically been a safe-haven asset during economic and political instability, and lower prices could benefit it.
several Federal Reserve officials are scheduled to speak today, sharing their views on the economy and monetary policy ahead of the central bank’s proclamation. The Fed kept interest rates unchanged during Wednesday’s meeting but warned about rising inflation and unemployment risks.Meanwhile, gold traders in India have lowered prices for this precious metal due to weak demand amid declining purchasing power. The depreciation of the rupee has also contributed to falling gold prices in India…The market is bearish. However, gold purchases in China have surged following the recent holidays.
Among other precious metals, silver prices fell by 0.07% to $32, while platinum saw a 0.29% increase, trading at $987.
