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Indonesia News Portal for Traders | Financial & Business Updates

28 May 2025 21:16  |

Gold ticks up, EU-US trade optimism restrict upside

Gold price (XAU/USD) trades higher to near $3,310 during North American trading hours on Wednesday, following an over 1% sell-off the previous day.

The yellow metal rises despite investors becoming increasingly confident that the United States (US) and the European Union (EU) will secure a trade deal soon. 

On Tuesday, US President Donald Trump expressed confidence in a post on Truth.Social that the EU is making swift efforts to come to the table for trade negotiations with Washington.

"I was extremely satisfied with the 50% Tariff allotment on the European Union, especially since they were “slow walking". I have just been informed that the EU has called to quickly establish meeting dates. This is a positive event, and I hope that they will," Trump wrote.

Source: FXstreet

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