Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Gold softened as the EU-US trade outlook improves

    Gold softened as the EU-US trade outlook improves

    May 27, 2025
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Gold coins and bars.

    – Fundamentals remain supportive

    Lagos — Gold prices remained under pressure on Tuesday, as hopes for a resolution to US-EU trade tensions reduced immediate safe-haven demand. President Donald Trump’s decision to delay the imposition of a 50% tariff on European goods until July 9 allowed for renewed negotiations, and Brussels signalled its willingness to accelerate talks. This de-escalation lifted risk appetite and weighed on the bullion.

    However, the broader environment remains favourable for gold. Persistent concerns over the US fiscal trajectory continue to cast a shadow over long-term economic stability. At the same time, expectations that the Federal Reserve could resume rate cuts later this year could favour non-yielding assets.

    Geopolitical tensions also continue to lend underlying support to the precious metal. Tensions in Eastern Europe prompted US President Trump to consider fresh sanctions and issue strong rebukes toward the Kremlin. Meanwhile, tensions in the Middle East persist, maintaining elevated geopolitical risk.

    Looking ahead, investor attention will focus on the release of the FOMC minutes on Wednesday and PCE inflation data on Friday. Soft data could drive gold prices up, while persistent inflation could reinforce the Fed’s cautious stance and temper the upward momentum on gold prices.

    *Maria Agustina Patti Financial Markets Strategist Consultant to Exness

    Related News

    Niger miners say output will continue at nationalised uranium mine

    Nigeria targets 10,000 jobs, skills transfer in $400m minerals processing plant

    West Africa mine operators launch drones to detect wildcat miners

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Stakeholders raise alarm over dangers of marine debris

    June 27, 2025

    NCDMB pledges oil industry support for Yikodeen safety footwear

    June 27, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 27, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 27, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.