US EditionGold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand
- Spot gold traded at $3,344.65 per ounce with a 0.1% increase on May 27, 2025, in Singapore amid cautious market sentiment.
- The small price movement came as demand for safe-haven assets eased amid ongoing EU-US trade discussions, an expanding US deficit, and escalating conflicts in regions including the Middle East and Eastern Europe.
- Gold prices have risen over 25% this year, peaking near an all-time high in April, while gold-backed ETFs saw five weeks of outflows since mid-April amid softer demand.
- Citigroup issued a short-term price target of $3,500 per ounce, reinforcing gold's safe-haven appeal ahead of key US inflation data released Friday.
- Technical indicators suggest a bearish short-term trend with a possible decline toward $3,255 followed by potential volatility and recovery around $3,388 amid persistent market risks.
17 Articles
17 Articles
Peter Nurse for Investing.com reports that the troy ounce and futures rose again to US$3,317. Gold had fallen from historic peaks this week after US President Donald Trump raised the possibility of eventually reducing high trade tariffs on China. But the lack of clarity in Trump’s statements, along with less optimistic statements from other officials, made the fall of gold short-lived. Traders remained cautious toward the dollar and Treasury bon…
Gold Prices Rise Again Despite Easing Trade Tensions
Gold prices rose in local markets during trading on Wednesday, with the ounce rising on the global stock exchange, despite growing hopes for a trade agreement between the United States and the European Union, and amid markets awaiting the minutes of the US Federal Reserve meeting this evening.
The market expects the next report on Personal Consumption Spending, PCE, to obtain clues on interest rates
Gold recovers while investors maintain confidence in the rapid progress of commercial conversations between the EU and the USA. - World Stock Market
The price of gold is recovered at about $ 3,320 despite the growing hopes of a commercial agreement between the US and the EU. Putin de Russia requires that NATO restrines its expansion to the east in writing. Investors expect the FOMC minutes and the US PCE inflation data for April. The price of gold (Xau/USD) attracts offers and rises to about $ 3,320 during Wednesday’s European negotiation hours, after a mass sale of more than 1% the previous…
The price of gold is tentatively stagnating on Wednesday and continues to move below $3,300 per troy ounce (31.1 grams). On the one hand, the price of the metal was supported by investors who took advantage of the previous price drop and started buying, but on the other hand, the development of the price of the precious metal continues to be affected by the easing of tensions between the US and the European Union. Reuters reports. The spot price…
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