Par Yassine Atoui | 1 hour ago
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Gold prices again climbed after a drop of around 2 % recorded Thursday, following the announcement of a trade agreement between the United States and the United Kingdom. This Friday, May 9, 2025, the precious metal increased by 0.5 %, carried by a renewed interest in investors, upstream of the commercial talks expected between Washington and Beijing at the beginning of next week.
The cash price in cash increased by 0.3 % to reach $ 3,316.29 per Uce, while gold contracts in the United States gained 0.5 %, standing at $ 3,321.60.
The day before, Thursday, the cash price in cash had dropped by almost 2 % to 3,274.38 dollars perce, after the US President Donald Trump announced the conclusion of a trade agreement with British Prime Minister Keir Starmer, described as “major breakthrough”. This agreement maintains customs duties of 10 % on British imports, while the United Kingdom has agreed to reduce its own rights by 5.1 % to 1.8 %, while opening its market to American products more.
According to Tim Waterer, principal analyst at KCM, “the purchase of gold during the price drop in prices remains common, which so far limits the decline in precious metal, despite a lower request for the refuge values after the announcement of the American-British agreement”.
American-Chinese talks, a determining factor
-Tim Waterer adds that the evolution of commercial negotiations between the United States and China could play a key role in the orientation of the gold price next week, in particular to know if it will be maintained above or below the threshold of 3,300 dollars.
Donald Trump also expressed his hope of seeing “substantial” commercial negotiations to start from China at the start of the week, also suggesting a possible reduction in customs duties imposed in Beijing, currently fixed at 145 %.
On the other hand, several officials of the American federal reserve must be expressed later during the day in order to shed light on the economic prospects and the trajectory of monetary policies. On Wednesday, the Fed maintained its unchanged interest rates while warning of an increased risk of inflation and unemployment.
Other precious metals in slight progression
On the precious metal market, money remained stable at $ 32.48 per ounce. Platinum increased 0.5 % to 980.55 dollars, while the palladium gained 0.2 %, reaching $ 978.21 an ounce.
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