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Gold Prices Rise Nearly 2%, Hit Two-Week High
Financial Express Chennai
|May 07, 2025
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GOLD PRICES ROSE to a two-week high on Tuesday, supported by post-holiday buying from China and concerns over potential US tariffs on pharmaceutical imports while investors await the outcome of the Federal Reserve's policy meeting.
Spot gold was up 1.9% at $3,395.94 an ounce at 1200 ET (1600 GMT). Earlier in the session, prices rose around 2% to the highest since April 22, when they had hit a record high of $3,500.05/oz.
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