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Current price of gold: May 23, 2025

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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.

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On May 23, 2025, the price of gold reached a new high, trading at $2,350 per ounce, driven by ongoing global economic uncertainties and increased demand for safe-haven investments. This surge reflects a broader trend of investors turning to gold amid fluctuating stock markets and geopolitical tensions. Analysts suggest that the current economic climate, characterized by inflation concerns and potential interest rate adjustments, continues to bolster gold's appeal as a hedge against inflation and currency devaluation. Financial experts recommend that investors consider diversifying their portfolios with gold to mitigate risks associated with more volatile assets.

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[ https://fortune.com/article/current-price-of-gold-05-23-2025/ ]