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Global gold price surges today May 20 2025

Gold prices dropped‌ 0.58% today, reaching $3,210.67 per ounce.

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

‌News Sources: © ​webangah News Agency Tasnim News⁢ Agency Reuters </div

English channel of the webangah news agency on Telegram
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