Gold Prices man

Gold prices averaged USD 4,591 per troy ounce in May, down 2.7% from April. On 29 May, the commodity traded at USD 4,591 per troy ounce, down 0.6% from 30 April.

In May, gold prices fell for a third consecutive month, weighed down by volatile geopolitical tensions and shifting monetary policy expectations. Investor sentiment swung in line with developments in US-Iran negotiations. Hopes of a ceasefire briefly lifted gold, while renewed hostilities and persistent energy risks drove inflation concerns higher, leading investors to scale back expectations for Federal Reserve rate cuts—hurting the non-yielding metal. Still, gold prices remain historically elevated.