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Gold rose but weaker than expected: December report

ByVictoria

Spot gold rose 0.5% to $2,663.79 per ounce, as of 9:55 a.m. ET (1455 GMT) and hit its highest since Dec. 13. U.S. gold futures gained 0.5% to $2,679.70.

Weaker private payrolls “is contributing to gold’s move, because ultimately, weaker employment numbers imply that the economy has been weaker than many had expected,” said Bart Melek, head of commodity strategies at TD Securities.

“The bigger factor will be U.S. nonfarm payrolls on Friday, the market is expecting a change of 163 (thousand); anything significantly above that will be negative for gold,” Melek said.

Source – Reuters

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    Spot gold eased 0.2% to $2,758.49 per ounce by 09:55 a.m. ET (1455 GMT), while U.S. gold futures rose 0.3% to $2,775.60, widening the premium over spot gold rates.

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    Gold prices edged lower on Thursday, weighed down by easing geopolitical tensions in the Middle East and continued uncertainty over the Federal Reserve’s interest rate trajectory.

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    Today’s Gold Price, May 21, 2026

    ByVictoria
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    The price of gold today, as of 9:20 a.m. ET, was $4,504.01 per ounce. That’s down 0.88% in the past 24 hours. The lowest trading price within the last day: $4,454.14 per ounce. The highest gold spot price in the last 24 hours: $4,571.01 per ounce.

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