Gold Holds at $4,717 an Ounce, Up $1,473 From a Year Ago

2 articles · Updated · Fortune · May 12

$4,717 per ounce was the spot gold price at 9:10 a.m. ET on May 11, unchanged from the prior day but sharply higher than a year earlier.
That rise reflects sustained demand for gold as investors seek a store of value during inflation and broader economic uncertainty; the report says prices are up more than 25% since the start of 2025.
Fortune notes gold can help steady volatile portfolios through vehicles including ETFs, bullion and gold IRAs, though spot prices can still swing with market conditions.
Over the long run, gold has lagged stocks on returns—7.9% annually from 1971 to 2024 versus 10.7% for the stock market—underscoring its role more as a hedge than a growth asset.

As central banks hoard gold at record rates, have they created a permanent new price floor for investors?

With major banks forecasting new highs for gold, what single event could derail the entire rally?

As new gold discoveries become rarer, is a looming supply crisis the real story behind soaring prices?