Spot Gold Breaks Above $3,330 for the First Time Since May 9

In Brief:

Spot gold rose $8 intraday, now trading above $3,330 per ounce.

This marks its highest level since May 9, with a 0.44% daily gain.

Spot gold has climbed above $3,330 per ounce, rising by $8 during today’s trading session, according to PANews. The move marks the first time gold has breached this level since May 9, signaling renewed investor interest amid ongoing macroeconomic uncertainty.

The 0.44% gain comes as global markets react to shifting central bank policy expectations and continued geopolitical tensions. Gold, widely seen as a safe-haven asset, tends to benefit from volatility in traditional financial markets or currency fluctuations.

Analysts are watching closely to see if gold can sustain this level or push toward a new all-time high, as investor demand for hedging strategies continues to grow in 2025.

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