Gold Falls Nearly 1% After Trump Extnds Tariff deadline on Eu Goods

Trump Extends Eu Trade Talk deadline to July 9

CITI Upgrades Its Zero-to-Three Month Gold Price Target

Markets in the united states and Britain Closed

May 26 – Gold Pries Fell Nearly 1% on Monday after us President Donald Trump Dropped His Threat to IMPOSE 50% Tarifs on Goods on Goods from the European UNION from June Asset.

Spot Gold Slipped 0.8% at $ 3,332.04 An Once by 1250 GMT. Us gold futures fell 1% to $ 3,331.90.

“I would call it a range-trading day,” Said giovanni Staunovo, UBS Analyst, Attributing The Modest Drop in Pries to Trump’s decision to delay the impression of higher tariffs on the Eu.

“With us memorial day, activity is likely to be on the lower end today.”

Markets in the united states and Britain was closed on monday due to public holidays.

Trump on Sunday restored a July 9 deadline to allow for talks between washington and the european union to produce a deal.

On Friday, Gold Prises Recorded Their Best Week In Six Last Week, After Trump Renewed Tariff Threats on Eu Goods and Said He Was He Was Considering a 25% Tarif on Any Apple IPHONES That ARE SOT MEDE There.

“We still look for higher prices over the coming months, expecting the yellow metal to reheest the level of $ 3,500/Oz,” Staunovo Said.

Meanwhile, China’s Net Gold Imports Via Hong more than doubled in April from March, and was the Highest Since March 2024, Data Showed.

Citi on Sunday Upgraded Its Zero -to -Three Month Price Target for Gold Back to $ 3,500/Oz – From 3,150 – AMID Us Tariff Policies, GEOPOLITICAL RISKS and CONCERNS ARNS AROS AROS AROS AROS ARND The Bank Expects Gold Pries to Consolidate Between $ 3,100/Oz and $ 3,500/Oz.

Geopolitical Risks Include the War in Ukraine. Russia attacked ukraine for a third night in a row, ukrainian regional officers and emergency services said, a day after the biggest aerial attack of the war so far.

Spot silver eased 0.3% to $ 33.38, Platinum Fell 0.6% to $ 1,088.53 and Palladium Lost 0.6% to $ 987.27.

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