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On this day — May 11, 2025

Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.

Day 131 of 365 · Q2 2025 · 35.9% through the year

May 2025 gold market: A healthy correction after the surge

Range-bound

Profit-taking from overbought levels, with structural demand intact.

Gold pulled back from its April record in May — no market rises in a straight line. After the vertical run, traders locked in profits and short-term speculators exited overbought conditions, while a cooling of trade tensions revived some risk appetite. Crucially, the structural pillars — central-bank buying and strong investment demand — stayed firmly in place, keeping the dip shallow.

What drove gold in May 2025

  • profit-taking after the April record
  • overbought technical conditions
  • easing trade tensions
  • still-strong central-bank and investment demand
Themes#correction#profit-taking#trade truce

Key events in May 2025

  1. May 12US–China tariff truce revives risk appetite; gold consolidates

What happened next

Investors treated the pullback as a buying opportunity, and the uptrend resumed in June.

For gold buyers

May was a textbook healthy correction — the kind of pause that refreshes a bull market rather than ending it.

May 11 across the years — 20202024

+39.7% over 4 years
20202024
YearMay 11 closevs prior
May 11, 2024$2,378.56+17.98%View
May 11, 2023$2,016.00+10.22%View
May 11, 2021$1,829.10+7.42%View
May 11, 2020$1,702.80View
Each row is the verified XAU/USD spot close for May 11 of that year. Click any row to open the full daily archive (with country tables for May 11, 2020+).