The gold price has remained stable over the 3,300 USD mark in recent days, attributed to positive trade talks between the USA and China. These discussions have bolstered risk appetite in the markets, which positively impacts the gold price.
Current Gold Price
As of June 10, 2025, the spot gold price was approximately 3,328 USD per ounce, reflecting a slight increase of about 0.10%. The gold futures price in the USA also remained steady at around 3,350 USD per ounce.
Background of Price Development
The positive trade talks between the USA and China have led to increased market calm. However, investors are still awaiting the results of these negotiations, which makes the gold market cautious. Previously, the gold price had significantly retreated as investors took profits, especially after the price approached the significant resistance level of 3,400 USD.
Influence of Trade Talks
The trade talks between the USA and China are crucial for market sentiment. Positive developments in these discussions can strengthen investors’ risk appetite and thus influence the gold price. As gold is often considered a safe investment, its price tends to decrease when risk appetite rises and increase when uncertainties grow.
Other Factors
In addition to trade talks, other economic factors also influence the gold price. For example, a strong US economic report in May, which exceeded market expectations, led to selling pressure and pushed the gold price down. Such reports can prompt investors to shift towards riskier assets, affecting the gold price.
In summary, the gold price remains stable above 3,300 USD, as positive trade talks strengthen risk appetite and promote market calm. Nevertheless, the market remains cautious and is waiting for further developments in the trade discussions between the USA and China.