Gold Price: US-EU Trade Talks Halt Rally
- The price of gold experienced a slight downturn,settling at $3,346 per troy ounce on Monday.
- Demand for safe-haven assets saw a reduction after President Donald Trump announced a delay in the implementation of proposed tariffs on European goods. Originally slated for June 1,the...
- Last Friday, Trump cautioned Apple Inc., that its products coudl be subject to a 25% tariff if manufacturing operations are moved outside the U.S. Escalating trade tensions and...
The gold price is down, settling at $3,346 per troy ounce on Monday, as US-EU trade talks delay the recent rally. Investors are reacting to the shift, analyzing the implications of the ongoing trade discussions – a key factor impacting the demand for safe-haven assets like the precious metal. News of a delay in implementing tariffs on European goods by President Trump has shifted market sentiment. The new developments impact the primarykeyword of gold, as trade risks remain central. Apple Inc.may face tariffs; a new tax bill could balloon the US budget deficit. Technical analysis of XAU/USD hints at possible price movements, with support at 3,280. News Directory 3 delivers the latest updates on the factors impacting the secondarykeyword of the gold market. Discover what’s next …
Gold Price Dips Amid US-EU Trade talks
Updated May 26,2025
The price of gold experienced a slight downturn,settling at $3,346 per troy ounce on Monday. This pause in the recent upward trend comes as investors analyze the implications of ongoing trade discussions between the United States and the European Union. The gold price is sensitive to global trade uncertainties.
Demand for safe-haven assets saw a reduction after President Donald Trump announced a delay in the implementation of proposed tariffs on European goods. Originally slated for June 1,the tariffs now face a new deadline of July 9 to facilitate further negotiations with the EU. This progress impacts gold as a safe-haven asset.
Trade risks remain a central concern for the markets. Last Friday, Trump cautioned Apple Inc., that its products coudl be subject to a 25% tariff if manufacturing operations are moved outside the U.S. Escalating trade tensions and growing unease over the U.S. economic and fiscal outlook had previously propelled gold prices nearly 5% higher last week. These factors influence gold’s safe-haven appeal.
Adding to market concerns, the new tax bill, already approved by the House and awaiting a Senate vote, could perhaps increase the U.S. budget deficit by nearly $3 trillion over the next decade. A final vote is anticipated by August. The US fiscal outlook is closely watched by gold investors.
Technical analysis of XAU/USD suggests possible price movements. On the H4 chart, support was found at 3,280 before a rally to 3,364. A corrective pullback toward 3,255 is possible, followed by a potential upward move to 3,388.The MACD indicator supports this scenario.
The H1 chart indicates the market has completed its local corrective target. A further decline to at least 3,255 is anticipated, after which another upward wave may develop towards 3,388. Bullish momentum would likely be tired at that point, with the entire rally regarded as a correction within the broader downtrend. The Stochastic oscillator corroborates a bearish outlook.
what’s next
As markets continue to monitor US-EU trade negotiations and assess technical indicators, further volatility in gold prices is expected. investors will be closely watching for any shifts in trade dynamics and their potential impact on the gold market.