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Current price of gold as of May 2, 2025


Published on 2025-05-02 13:06:32 - Fortune
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  • Trends in gold prices could indicate whether the asset can protect against inflation. Here's a look at how the precious metal is doing today.

On May 2, 2025, the price of gold reached an all-time high of $2,500 per ounce, driven by a combination of factors including global economic uncertainty, inflation fears, and increased demand from central banks. Analysts attribute the surge to investors seeking safe-haven assets amid ongoing geopolitical tensions and economic instability. The rise in gold prices has also been influenced by expectations of continued monetary policy easing by major central banks, which traditionally boosts the appeal of gold as an inflation hedge. Market experts suggest that while short-term fluctuations are possible, the long-term outlook for gold remains bullish, supported by persistent global economic challenges.

Read the Full Fortune Article at:
[ https://fortune.com/article/price-of-gold-05-02-2025/ ]

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