Global gold price surges today May 20 2025
According to webangah News Agency, the strengthening U.S. dollar and optimism about a potential ceasefire between Russia and Ukraine have reduced demand for gold as a safe-haven asset, driving prices lower.
Spot gold fell 0.58% to $3,210.67 per ounce, while gold futures on New York’s COMEX declined 0.53% to $3,216.50.
The U.S.dollar index, which hit its lowest weekly level on Monday, partially recovered today—making gold more expensive for holders of other currencies.
Former U.S. President Donald Trump held a phone call with Vladimir Putin on monday, announcing that Russia and Ukraine would immediately begin ceasefire negotiations.
Gold remains a traditional safe haven during geopolitical and economic instability, having hit multiple record highs since January 2025 with 23% year-to-date gains. Federal Reserve officials are cautiously assessing recent credit rating downgrades and market volatility to determine monetary policy direction amid economic uncertainty.
Credit agency Moody’s downgraded the U.S.’s rating last Friday citing rising national debt levels. Several Fed officials are scheduled to speak today regarding economic outlooks and central bank policy trajectories.
Markets currently anticipate at least 53 basis points of Fed rate cuts in 2025, with the first reduction expected in October.
>Among other precious metals:
- >Silver dropped >0>.56% >to >>$32>.35/oz
- >Platinum rose >>0>.12% >to >>$1>,003>.25/oz
