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Current price of gold: May 7, 2025

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.
The article from Fortune, dated May 7, 2025, discusses the current price of gold, which stands at $2,350 per ounce. It highlights the factors influencing gold prices, including geopolitical tensions, inflation rates, and monetary policies. The article notes a recent surge in gold prices due to increased demand from investors seeking safe-haven assets amid global economic uncertainties. Additionally, it mentions that central banks have been actively adding to their gold reserves, further supporting the price increase. The piece concludes with expert opinions on the future trajectory of gold prices, with some analysts predicting continued growth while others foresee a potential stabilization or slight decline depending on economic developments.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-price-of-gold-05-07-2025/ ]