Gold and Oil Prices May 13, 2025: Gold Surges, Oil Dips Slightly

Crude Oil Edges Lower

As of 3:25 PM (GMT+7), the Light Crude Oil Futures (WTI) contract on NYMEX is trading at $61.88 per barrel, down $0.07 or -0.11% from the previous session.

1 day: +0.05%

5 days: +5.09%

1 month: +2.96%

6 months: -9.03%

Year-to-date: -13.74%

1 year: -20.72%

All time: -15.64%

Today’s intraday chart shows high volatility in oil prices, with a downward bias. Concerns about global demand and ongoing geopolitical uncertainties continue to weigh on crude oil.

Gold Futures Climb Nearly 1%

In contrast to oil, gold prices are seeing strong upward momentum. As of 3:25 PM (GMT+7), COMEX Gold Futures are trading at $3,260.0 per ounce, up $32.0 or +0.99% for the day.

1 day: +1.02%

5 days: -5.43%

1 month: +2.09%

6 months: +26.49%

Year-to-date: +23.48%

1 year: +37.65%

All time: +73.86%

Gold continues to act as a safe haven asset amid market risks, inflation concerns, and uncertainty about interest rate policies from major central banks.

Market Outlook

Gold shows a steady long-term upward trend, supported by macroeconomic risks.

Crude Oil, while seeing short-term rebounds, remains under pressure due to demand concerns and ample supply.

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