Gold prices rose in the Philippines on Thursday, based on FXStreet data. Gold was priced at PHP 9,175.93 per gram, up from PHP 9,166.14 on Wednesday.<\/p>\n
The price per tola increased to PHP 107,028.40 from PHP 106,912.00 a day earlier. FXStreet also listed prices of PHP 91,763.14 for 10 grams and PHP 285,416.10 per troy ounce.<\/p>\n
FXStreet converts international gold prices into PHP using the USD\/PHP rate and local measurement units. The figures are updated daily at the time of publication and are for reference, as local prices may differ slightly.<\/p>\n
Central banks are the largest holders of gold. According to the World Gold Council, central banks added 1,136 tonnes of gold worth around $70 billion in 2022, the highest annual total since records began.<\/p>\n
Given the current environment, we see gold strengthening as a safe-haven asset amid rising global uncertainty. The recent uptick reflects broader market anxiety over renewed trade frictions and supply chain issues emerging in Southeast Asia. This instability encourages a flight to assets not tied to the performance of any single government or economy.<\/p>\n
The metal is also proving to be a critical hedge against persistent inflation, a theme we’ve been watching closely. The U.S. Bureau of Labor Statistics recently reported that April 2026 inflation came in at a surprisingly high 3.6%, reigniting fears that price pressures are not fully contained. This makes holding a tangible asset like gold more appealing than cash, which loses purchasing power.<\/p>\n
Institutional demand provides a solid foundation for the current price action. The World Gold Council\u2019s latest report for the first quarter of 2026 confirmed that central banks bought a net total of 290 tonnes, marking the strongest start to a year since 2013. This consistent buying from major players indicates a long-term strategic allocation to gold.<\/p>\n
Furthermore, gold has an inverse relationship with the US Dollar, which has softened in recent weeks. The market is now anticipating that the Federal Reserve may signal a pause in its rate-hiking cycle, with recent weak manufacturing data suggesting the economy is cooling. A weaker dollar makes gold cheaper for holders of other currencies, typically boosting its price.<\/p>\n
Looking back, we saw a similar setup in the third quarter of 2025 when recession fears led to a sharp sell-off in equities. During that period, gold rallied over 8% as traders unwound their riskier positions. That experience is fresh in our minds and likely influences the current defensive positioning we are observing.<\/p>\n
In the derivatives market, this translates to a clear bullish sentiment for the coming weeks. We are seeing a significant increase in call option volume for contracts expiring in June and July 2026, with the call-to-put ratio now at 1.5, its highest level this year. This activity suggests traders are actively placing bets on further price increases.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices climbed in the Philippines Thursday, with FXStreet reporting higher gram and tola rates daily.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-46414","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t