Gold prices are staying pretty much the same; people are waiting for more news about the economy.
On Tuesday, May 7, the price of gold went down by 0.30%. But it’s still staying above $2,300. Last Friday, even though there was news about jobs and usually that makes prices go up and down a lot, gold didn’t really change much. And yesterday, it went up a bit from where it was before.
Not too long ago, gold was at its highest price ever, around $2,448.80, back on April 12. Then, on April 19, it went up again, reaching about $2,433 because the stock market was down, and the U.S. dollar was strong because of tensions in the Middle East.
But back in February, gold was at its lowest since December, because of news about consumer prices going up. Since then, it has gone up by more than $450.
Right now, gold prices are still staying about the same, not going up or down much.
The price of gold hasn’t changed much and it’s still around $2,320. But what about the other precious metals? Silver’s price has gone down by 0.3%, platinum is down by 1.1%, and palladium is down by 1.4%. So, overall, the prices of these important metals are a bit mixed this morning.
