Global gold price today 2025/5/14
According to the international economics desk of Webangah News Agency,citing Tasnim News Agency and Reuters,easing trade tensions between the U.S. and China has reduced demand for gold as a safe-haven asset, leading to a decline in its price during Wednesday’s trading. Markets are awaiting new U.S. inflation data to gauge the Federal Reserve’s monetary policy direction.
The price of gold per ounce today fell by 0.61% to $3,230.33.Gold futures on New York’s COMEX market also dropped by 0.44%, reaching $3,233.50.
Analysts believe that if trade negotiations continue and agreements are reached between the U.S. and its trading partners, the downward trend in gold prices will persist.$3,200 is a critical support level for gold.
U.S. President Donald Trump said on Monday that tariffs on Chinese imports would not revert to 145% after a 90-day pause, adding that Washington and Beijing would reach an agreement.
Simultaneously occurring, the U.S Labor Department reported that the Consumer Price Index (CPI) rose by 0.2% in April—below Reuters economists’ forecast of a 0.3% increase following March’s 0.1% decline.
Traders now await Producer Price Index (PPI) data set for release on Thursday for further clues about the Federal Reserve’s interest rate policy.
The market expects 53 basis points of U.S central bank rate hikes this year starting September.
Gold has historically been a safe investment during high inflation periods, benefiting from low-interest-rate environments.
Among other precious metals , silver fell by - 94 %to$32 .79 while platinum rose slightly (+*20 %)to*$993 .94.
