Staff Answer
May 05, 2026 - 06:36 AM
As of 9 AM ET on May 5, 2026, the gold spot price is $4,578.90 per ounce, marking a 0.09% increase from yesterday’s $4,574.70. This brings the gold price to approximately $147.21 per gram and $147,214.35 per kilo. Prices are holding firm despite "higher-for-longer" interest rate signals from the Fed, largely due to escalating "fear premium" following maritime tensions near the Strait of Hormuz. Investors are pivoting to bullion as a hedge against potential supply chain disruptions in the energy sector, keeping the yellow metal in a consolidated bullish range.
