Staff Answer
May 04, 2026 - 06:30 AM
As of 9 AM ET today, gold is trading at $4,574.70 per ounce, $147.08 per gram, and $147,079.91 per kilo. This represents a 0.66% decrease from Friday’s 9 AM price of $4,605.30. The slight retreat is largely attributed to a strengthening U.S. Dollar Index (DXY) following hawkish comments from Federal Reserve officials regarding "Project Freedom" fiscal policies. Investors are currently weighing the impact of higher-for-longer interest rates against the persistent geopolitical "fear premium" stemming from recent tensions in the Strait of Hormuz.
