Staff Answer
May 11, 2026 - 06:29 AM
As of 9 AM ET today, the spot price of gold is $4,715.20 per ounce ($151.60/gram; $151,600/kilo), marking a 0.42% decrease from Friday’s $4,735.30. This slight retreat follows President Trump’s rejection of a Middle East peace proposal, which has bolstered the U.S. Dollar. While geopolitical uncertainty typically supports gold, a stronger greenback and hawkish Federal Reserve expectations ahead of Chair Powell’s NABE speech are currently curbing the metal's momentum.
