Global Markets Fall: Gold Price Hits Lowest Level
Published: 10:53 1 May 2025
Gold prices hit their lowest level in two weeks on the global market. Gold prices fell about 2 percent to $3,222.66 per ounce on Thursday (May 1), the lowest since April 15.
Analysts said positive signals from the US administration on a trade deal and the strong dollar were the main reasons for the decline. “The prospect of a trade deal and the strength of the dollar are putting pressure on gold,” said UBS analyst Giovanni Staunovo.
US gold futures also fell 2.7 percent to $3,230.80 per ounce. At the same time, the dollar index rose 0.3 percent, making dollar-denominated gold more expensive for international buyers.
Along with gold, other precious metals also fell.
🔹 Spot silver: down 1.8% to $31.99 per ounce
🔹 Platinum: down 1% to $956.63
🔹 Palladium: up 0.3% to $941.10
The dollar's strong position in the global market and trade expectations are expected to lead to further fluctuations in the prices of precious metals in the coming days.
Advertisement
Most Readed - Finance & Trade
- Housewife dies of electrocution while cooking rice on magic stove
- Vegetable prices hit 'century', green chillies cost Tk 280 per kg
- Jamaat is not a party of angels, we too can make mistakes: Opposition leader
- 'A dog cannot bark with a bone in its mouth': Naseeruddin Shah takes a dig at Bollywood's silence
- Vaibhav Suryavanshi's new history, breaking many old records of Sachin-Afridi
- Sonam Wangchuk ends hunger strike after 26 days after receiving written assurance from central government
- Chief Prosecutor hopes to complete all investigations into July massacres within a year
- Entertainment stars support protesting students in India
- ‘We were heading towards Medina, suddenly we saw a caravan going towards America’: Faizul Karim
- Kaptai Dam's 16 spillways closed after 4 days and 11 hours
- Dr. Shafiqur Rahman: Life, Medical Profession, and Political Journey
- Shamim Kaisar Lincoln: A People’s Representative and His Political Journey
- Ecuador knocks out Germany, declares national holiday in celebration
- Hasnat Abdullah: Student Life, Movement, and Political Journey
- Argentina faces challenge to break old records in World Cup
- Bangla QR payment to be mandatory across the country from July 1
- The Game of Confusion Over Geopolitics: Who Is Responsible for Misleading the People?
- Shakira reveals her secret routine to stay radiant on stage
- The Dignity of Physicians, the Crisis in the Health Sector, and the State’s Responsibilities
- Fire at Chittagong Port's Custom Auction Shed, Fire Service Quickly Brings Under Control