{"id":22971,"date":"2025-05-26T10:39:11","date_gmt":"2025-05-26T10:39:11","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=22971"},"modified":"2025-05-26T10:39:11","modified_gmt":"2025-05-26T10:39:11","slug":"gold-eases-as-tariff-delay-calms-market-nerves","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-eases-as-tariff-delay-calms-market-nerves\/","title":{"rendered":"Gold Eases as Tariff Delay Calms Market Nerves"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/gold9-1024x559.png\" alt=\"\" class=\"wp-image-16982\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold fell 0.7% to $3,334.53, while U.S. gold futures slipped 1% to $3,333.40.<\/li>\n\n\n\n<li>Trump\u2019s delay of EU tariffs and Memorial Day trading lull contribute to softer demand for safe-haven assets.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Gold prices retreated on Monday as easing trade tensions took the edge off demand for the precious metal. Spot gold slipped to $3,334.53 an ounce, down 0.7% as of 08:48 GMT, while U.S. futures dropped 1% to $3,333.40. This marks a pause in gold\u2019s six-week uptrend, which had been fuelled by geopolitical tensions and tariff threats.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold falls as Trump extends tariff deadline on EU goods <a href=\"https:\/\/t.co\/1oOuLGFej9\">https:\/\/t.co\/1oOuLGFej9<\/a> <a href=\"https:\/\/t.co\/1oOuLGFej9\">https:\/\/t.co\/1oOuLGFej9<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1926947679734522023?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>U.S. President Donald Trump reversed his stance over the weekend, shelving plans to impose 50% tariffs on European Union goods beginning 1 June. He <a href=\"https:\/\/t.co\/Az9Kj9NkO2\" target=\"_blank\" rel=\"noopener\" title=\"\">reinstated the July 9 deadline<\/a> for continued negotiations, temporarily defusing one of the key risk factors that had driven gold higher in recent sessions.<\/p>\n\n\n\n<p>UBS analyst Giovanni Staunovo called the pullback \u201c<a href=\"https:\/\/www.reuters.com\/world\/india\/gold-edges-lower-trump-extends-eu-tariff-deadline-2025-05-26\/\" target=\"_blank\" rel=\"noopener\" title=\"\">a range-trading day,<\/a>\u201d attributing the modest decline to tariff relief and thin liquidity due to U.S. and UK public holidays. He noted that \u201cactivity is likely to be on the lower end today,\u201d which helps explain the subdued price action despite the metal\u2019s strong weekly performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Weakness Fails to Lift Gold<\/h2>\n\n\n\n<p>The U.S. dollar index continued to weaken, touching a near one-month low against major rivals. However, the negative correlation between gold and the dollar offered limited support as broader risk appetite returned to markets. With traders shifting away from hedges, gold faced selling pressure as positions were unwound near the $3,360\u2013$3,370 zone.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A gauge of the dollar slid toward its lowest level in nearly two years after US President Donald Trump\u2019s decision to postpone higher tariffs on the European Union boosted other currencies with strong links to global trade <a href=\"https:\/\/t.co\/SRbAZHcnUa\">https:\/\/t.co\/SRbAZHcnUa<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1926861989197869097?ref_src=twsrc%5Etfw\">May 26, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Even so, Citi revised its short-term gold forecast, upgrading its 0\u20133 month price target to $3,500 per ounce, up from $3,150 earlier in May. The bank cited ongoing U.S. fiscal concerns, tariff uncertainty, and persistent geopolitical risks as reasons for a wider trading band between $3,100 and $3,500.<\/p>\n\n\n\n<p>Global tensions remain a wildcard. Russian forces launched a third consecutive night of attacks on Ukrainian infrastructure, following Saturday\u2019s aerial assault that left at least 12 civilians dead. Markets showed little immediate reaction, but further escalation could provide fresh support to gold if risk sentiment deteriorates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold surged off the <strong>$3281.51 support<\/strong> level, climbing steadily throughout the 23rd of May before peaking at <strong>$3365.97<\/strong> on the 24th. This peak formed a key short-term resistance level, as bulls failed to push higher despite strong momentum early in the move. Price action has since turned lower, breaking beneath the short-term moving averages and forming a descending structure.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-28-1024x442.jpg\" alt=\"\" class=\"wp-image-22972\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold rejects $3365 high, slips back below $3350 as momentum fades and bearish pressure builds near support, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD histogram has flipped to negative territory, with a bearish crossover confirming the weakening momentum. Price is now consolidating just above the <strong>$3330\u2013$3335<\/strong> support zone, which could offer temporary relief. However, unless gold reclaims <strong>$3356<\/strong>, bears may continue to pressure the metal toward a retest of the <strong>$3310<\/strong> region.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>The metal remains range-bound in the short term. Traders should watch for renewed tariff rhetoric, updates on the U.S. fiscal trajectory, and movements in the dollar index as potential catalysts. Broader consolidation between $3,310 and $3,360 appears likely in the coming sessions.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bullion eases from multi-day highs as U.S. President Trump restores EU tariff talks deadline. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-22971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/22971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=22971"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/22971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16982"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=22971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=22971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=22971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}