Staff Answer
May 15, 2026 - 06:26 AM
As of 9 AM ET today, May 15, 2026, the global spot price of gold is $4,550.70 per troy ounce, $146.31 per gram, and $146,307.39 per kilogram. This represents a sharp intraday drop of 3.47% compared to yesterday's price of $4,714.10 per ounce.
The primary driver behind this sudden liquidation is the market's reaction to a deadlock at the conclusion of the Trump-Xi diplomatic summit in Beijing. While the meetings yielded minor business agreements, they failed to break the impasse surrounding peace negotiations with Iran. Consequently, market observers are pricing in persistent, long-term inflationary energy pressures, which has prompted fears that the Federal Reserve will maintain a "higher-for-longer" interest rate stance or even execute an additional rate hike later this year. A surging U.S. dollar and spiking Treasury yields have simultaneously diminished bullion's near-term appeal as investors scramble for liquid cash.
