Staff Answer
Jun 01, 2026 - 06:24 AM
As of 9 AM ET today, June 1, 2026, the gold spot price sits at $4,513.80 per ounce ($145.12 per gram / $145,122.04 per kilo), marking a 0.44% decrease from Friday morning. This brief technical correction is primarily driven by a strengthening U.S. Dollar Index, which rose to 98.97, and hotter-than-expected Consumer Price Index (CPI) inflation prints. These macro indicators have prompted market participants to temporarily price out anticipated Federal Reserve rate cuts for late 2026, boosting Treasury yields and creating short-term headwinds for non-yielding bullion despite strong, long-term global central bank support.
