Review of Gold Price Development on April 28, 2025
On April 28, 2025, the gold price showed a phase of stability, despite slight declines compared to previous trading days. Here are the main developments and trends of interest to investors:
Gold Price in US Dollars
- Early Morning: The gold price was quoted at around $3,292 per ounce early Monday morning, which represented a decline of about 0.66% from the previous week’s close.
- Throughout the Day: Later in the day, the gold price was around $3,296.59 per ounce, showing a slight decline compared to the previous day.
Gold Price in Euros
- Daily Rate: On April 28, 2025, the gold price in euros was approximately €2,899.02 per ounce, which corresponds to a price of about €93.12 per gram. A slight decline compared to the previous day was also observed here.
Market Movements and Trends
- Stability: Despite the slight declines, the structural situation in the gold market remained stable. The gold price continues to be viewed as a safe haven in economically uncertain times.
- Commitments-of-Traders Report (CoT): Data from the CoT report provided additional insights into the positioning of large market participants, who have a healthy positioning.
- Inflation Expectations and Geopolitical Events: These factors continue to have a strong influence on the gold price. Current developments, such as the easing of the trade conflict between the US and China, could influence the gold price in the short term.
Outlook
- Investor Interest: Gold remains a key topic for investors, especially as a hedge against inflation or as a long-term investment.
- Exchange Rate Changes: The EUR/USD exchange rate impacts the gold price in the euro area and continues to be monitored.
In summary, the gold price on April 28, 2025, was in a stable phase, despite slight declines. The attractiveness of gold as a safe haven remains intact, and investors continue to monitor market movements and trends.