Global gold price today 2025 May 12
Gold Price Drops 1.44% to $3,277.10 per Ounce in Today’s Trading
- Economic News –
according to a report by the International Economics Desk of Webangah News Agency,citing Reuters via Tasnim News Agency,the conclusion of trade negotiations between the U.S. and China has eased market concerns, leading to a decline in gold prices. Investors have shifted from safe-haven assets like gold toward riskier investments.
Today, the price of gold per ounce fell by 1.44% to $3,277.10. Gold futures on New York’s COMEX market also dropped by 1.79%,settling at $3,284.20.
The U.S. and China wrapped up trade talks on Sunday with a positive approach. American officials stated that an agreement could reduce the U.S.’s trade deficit, while Chinese authorities confirmed reaching meaningful agreements. He Lifeng, China’s top financial official, announced that a joint statement would be issued today in Geneva. Last month, both nations imposed retaliatory tariffs, sparking fears of a global economic downturn amid escalating trade tensions.
Gold has historically been a safe haven during economic and political instability and benefits from low interest rate environments.
betsy Hammack (Beth Hammack), President of the Federal Reserve Bank of Cleveland (Federal Reserve Cleveland), noted that more time is needed to assess how Trump-era tariffs and other policies impact the economy.
Traders await U.S.consumer price index data for further clues on the Federal Reserve’s monetary policy direction.
Among other precious metals:
- Silver rose 0.73% to $33.16 per ounce
- Platinum gained 0.24%, trading at $1,003.**68
End/12
