05-30-25 CFG News

Gold's Resilience Amid Market Volatility

As of May 28, 2025, gold prices have stabilized around $3,300 per ounce after a recent dip, reflecting its enduring appeal as a safe-haven asset amid easing U.S.-EU trade tensions. President Trump's decision to delay a 50% tariff on the EU has provided temporary relief to markets, yet investors remain cautious, keeping a close eye on upcoming U.S. economic data, particularly the core Personal Consumption Expenditures (PCE) report.

Despite the temporary easing of trade tensions, the Federal Reserve's minutes from early May have highlighted concerns over rising inflation and unemployment risks, factors that continue to support gold's attractiveness. Analysts suggest that if risk appetite diminishes, gold could rebound toward $3,400, especially if support levels between $3,250 and $3,280 hold firm. 

Tomorrow, we'll delve into the implications of central banks' gold purchasing strategies and how they influence global gold prices.

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Fun Fact Of The Day

Gold has been used as a form of currency and store of value for over 5,000 years, maintaining its worth through various economic upheavals and market changes.