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Current price of gold: June 5, 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.
The article from Fortune, dated June 5, 2025, discusses the current price of gold, which stands at $2,350 per ounce, marking a significant increase from the previous month. This surge is attributed to ongoing global economic uncertainties, heightened geopolitical tensions, and a weakening U.S. dollar. The article also highlights that investors are turning to gold as a safe-haven asset amid fears of inflation and potential interest rate hikes. Additionally, central banks, particularly in emerging markets, have been increasing their gold reserves, further driving up demand. Analysts predict that gold prices may continue to rise in the short term, but caution that any resolution to global tensions could lead to a price correction.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-price-of-gold-06-05-2025/ ]