Gold Price on June 3, 2025
On June 2, 2025, the spot prices for gold increased by 1.7% to $3,344.49/ounce, marking the highest level since May 23. This development suggests that the gold price on June 3, 2025, remained under the influence of these factors.
Exchange Rate Development EUR/USD
The exchange rate between the Euro and US Dollar (EUR/USD) plays a crucial role in determining gold prices in euros. When the euro appreciates against the US dollar, this can lead to a decrease in the gold price in euros since gold is traded in US dollars. Conversely, a weaker euro can lead to higher gold prices in euros.
Gold Price in Euros
No specific gold price data in euros is available for June 3, 2025, but the overall trend indicates that the gold price in euros is affected by exchange rate fluctuations. In March 2025, the gold price was about €88.70/gram.
Silver Price
The silver price is also influenced by the same factors as the gold price. No specific data for the silver price are available for June 3, 2025, but the daily rates on June 3, 2025, indicate that the buying price for silver was approximately €938.60/kg.
Summary
The development of gold prices on June 3, 2025, was characterized by geopolitical tensions and exchange rate fluctuations. These factors are crucial for investors in the German-speaking area as they influence the prices of gold and silver in euros. Private investors and savers should closely monitor these developments to make informed decisions.