Global gold price today 2025/5/10
Gold price rises 0.58% today, reaching $3,324.98 per ounce.
According to a report by the International Economics Desk of Webangah News Agency, citing Tasnim News Agency and Reuters, gold prices surged over 1% in Friday’s trading following a weaker dollar. Markets are assessing Donald Trump’s remarks on tariffs ahead of the upcoming U.S.-China meeting.
Today, the price of gold per ounce increased by 0.58% to $3,324.98. Meanwhile, gold futures on New York’s COMEX market rose 1.15% to $3,344.
Global Gold Price – May 9, 2024
Gold—traditionally a safe-haven asset during geopolitical and economic instability—has seen a 27% price increase since the beginning of this year.
The U.S. dollar index fell by 0.3%, making gold cheaper for holders of other global currencies.
Donald Trump… (continued)US and China Representatives Meet to Curb Trade War; 80% tariffs on Chinese imports Deemed Appropriate
Meanwhile, in geopolitical developments, India and Pakistan continue to accuse each other of initiating new military attacks. The conflict between these two nuclear-armed South Asian nations has entered its third day.
On another front, gold traders in India have lowered prices for the precious metal amid weak demand. however, the depreciation of the rupee has pushed local gold prices to record highs. In contrast,China’s gold purchases have risen following the holiday period.
Among other precious metals:
- Silver rose by 0.91% to $32.91 per ounce.
- Platinum gained 1.72%, trading at $1,001.29 per ounce.
