Staff Answer
May 06, 2026 - 06:26 AM
As of 9 AM ET today, gold has surged to $4,701.60 per ounce, representing a significant 2.68% increase from yesterday’s $4,578.90. For bulk investors, the price stands at $151.16 per gram and $151,159.20 per kilo. This rally is primarily fueled by a retreating U.S. Dollar Index (DXY) and growing anticipation surrounding tomorrow’s U.S. employment data. With the market eyeing a potential Federal Reserve pivot, institutional "safe-haven" buying has intensified, pushing bullion toward new psychological resistance levels.
