The price of gold in the Philippines declined on Thursday, reflecting downward pressure from international markets and a shift in investor sentiment. According to data from FXStreet, the price per gram of gold stood at PHP 5,867.79, a decrease from PHP 5,897.78 recorded on Wednesday.
This marks a notable movement in the local bullion market, mirroring broader global trends influenced by monetary policy expectations and risk sentiment. The price for a tola of gold—a unit commonly used in South and Southeast Asia—fell to PHP 68,440.80, down from PHP 68,790.59 the previous day.
Prices across other standard units also recorded declines:
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10 grams: PHP 58,675.96
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Troy ounce: PHP 182,509.20
The dip in gold prices comes as international markets react to a range of macroeconomic developments. Global gold has been under pressure amid a stronger U.S. dollar and rising optimism in equity markets. A U.S. federal court’s recent decision to block former President Donald Trump’s proposed trade tariffs lifted investor confidence, encouraging a shift away from safe-haven assets like gold.
Additionally, the minutes from the U.S. Federal Reserve’s May policy meeting, released on Wednesday, indicated that officials are inclined to keep interest rates steady in the short term. The Fed’s stance, seen as moderately hawkish, has strengthened the dollar and reduced gold’s appeal as a non-yielding asset.
However, despite these downward pressures, gold continues to receive some support from ongoing geopolitical tensions and concerns over global economic stability. Reports of renewed military activity in the Middle East and rising strategic friction between the U.S. and China are keeping some demand for gold intact as a hedge against uncertainty.
In the local context, fluctuations in the peso and global trends often influence domestic gold prices. With the Philippine peso facing mixed performance amid shifting global financial flows, local gold prices are expected to remain sensitive to both currency movements and international market sentiment.
Traders and consumers in the Philippines are now watching closely for upcoming U.S. economic data, particularly Friday’s release of the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure. The outcome may further influence global monetary policy expectations—and with it, the future direction of gold prices.
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