• Tue, Feb 10, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

30 May 2025 11:51  |

Gold Prices Drop Below $3,300 Amid Mildly Positive USD

 

Gold price (XAU/USD) struggled to capitalize on the previous day's strong recovery move from the $3,246-3,245 region, or over a one-week low, and attracted fresh sellers during the Asian session on Friday. The US Dollar (USD) regains some positive traction following Thursday's dramatic intraday turnaround, amid some repositioning trade ahead of the pivotal inflation report from the US. This, in turn, is seen undermining demand for the bullion. However, a combination of factors should act as a tailwind for the commodity and help limit deeper losses.

A federal appeals court on Thursday paused a separate trade court ruling that blocked US President Donald Trump's tariffs. This adds to a layer of uncertainty, which, along with persistent geopolitical risks, should offer some support to the safe-haven Gold price. Moreover, the growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further in 2025 might keep a lid on any meaningful USD appreciation and support prospects for the emergence of some dip-buying around the non-yielding yellow metal, warranting caution for bears.

 

Source: FXStreet

 

Related News

GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Down as Safe-haven Demand Eases After Trump Delays EU ...

Gold fell as its safe-haven status was dented by signs President Donald Trump may be easing his aggressive stance on trade wi...

26 May 2025 07:18
GOLD

Gold Down as Trump Tariff Surprise Triggers Selloff from Re...

Gold is moving further away from its recent record high, swept away by the pessimistic mood sweeping global markets following...

4 April 2025 17:54
GOLD

Gold Drops as EU-US Trade Talks Weigh on Safe-Haven Demand

Gold continued to edge lower as demand for safe-haven assets eased, with investors weighing the prospect of improved trade re...

27 May 2025 07:12
BIAS23.com NM23 Ai