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Economic Times
29-05-2025
- Business
- Economic Times
Gold price today in the U.S. dips sharply—Is this an economic earthquake, which Trump tariff ruling triggered it, and what should investors watch out for next?
Why are gold prices falling despite inflation concerns? How much is gold worth right now in different units? Per Ounce: Around $3,268.50, down from $3,271.17 the previous day. Around $3,268.50, down from $3,271.17 the previous day. Per Gram: Roughly $106.50. Roughly $106.50. Per Kilogram: Close to $106,500. Are gold etfs showing the same trend? SPDR Gold Shares (GLD) is up 0.5%, trading at $305.45. iShares Gold Trust (IAU) has risen 0.5% to $62.50. abrdn Physical Gold Shares ETF (SGOL) is up 0.4%, now at $31.61. Live Events What's the impact of the court ruling on the dollar and gold? Where are gold prices headed next? What are investors watching now for gold direction? U.S. core PCE Price Index (due Friday) – The Fed's preferred inflation gauge could influence interest rate expectations and gold pricing. Weekly jobless claims and revised GDP numbers – Any surprises here may swing market sentiment quickly. Fed policymakers' speeches – Their tone could give hints about the next policy moves. U.S.-China trade headlines – With talks of new tech restrictions on China surfacing from the New York Times, geopolitical tensions could add further volatility. Is this a buying opportunity for gold investors? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gold prices in the U.S. have slipped as of May 29, 2025, driven by renewed economic concerns and shifting investor sentiment. Spot gold is now hovering around $3,268.50 per ounce, reflecting a 0.6% decline from the previous day, with the market reacting to a mix of legal, economic, and geopolitical often seen as a hedge against inflation and economic instability, has taken a step back recently. The immediate trigger? The U.S. economy shrank by 0.2% in Q1 2025, raising questions about growth prospects and diminishing gold's appeal as a safe-haven asset, according to the same time, a U.S. federal court ruling on May 28, 2025, struck down a series of Trump-era tariffs, strengthening the U.S. dollar. A stronger dollar tends to put downward pressure on gold, making it more expensive for foreign buyers and reducing overall gold ETFs haven't followed the same path as spot prices. As of today:This slight uptick may suggest that long-term investors still see gold as a valuable asset, especially during market U.S. Court of International Trade ruled that several tariffs introduced under President Trump were unlawful, claiming they exceeded presidential authority, according to Reuters. This legal decision boosted the U.S. dollar, which has been recovering steadily, putting pressure on have shifted attention toward riskier assets, as this ruling is viewed by some as a positive step for global trade. The dollar's climb has made gold less attractive, especially as inflation pressures appear to ease futures for June 2025 are currently priced around $3,283.70 per ounce, per Yahoo Finance, and MarketWatch. Analysts believe that $3,250 could act as a strong support level, while resistance sits near $3, the gold market is in a short-term downtrend. The 14-day Relative Strength Index (RSI) is slipping below midline (near 49.50), and buyers recently failed to hold the $3,295 level, which was key prices fall further, watch for potential support around $3,230 and $3,168 — both crucial levels tied to previous Fibonacci retracement patterns. On the upside, a clear break above $3,350 would be needed to revive the bullish with short-term weakness, some analysts say this dip could be a buying opportunity for long-term holders. With gold still trading above key support zones, and market uncertainty far from over, many see gold as a smart always, market timing is tricky—but for those betting on inflation risks, global conflict, or dollar volatility, gold's current levels might offer prices are falling due to a stronger U.S. dollar and weak GDP see support near $3,250 and resistance close to $3,300 in 2025.
Time of India
29-05-2025
- Business
- Time of India
Gold price today in the U.S. dips sharply—Is this an economic earthquake, which Trump tariff ruling triggered it, and what should investors watch out for next?
Why are gold prices falling despite inflation concerns? How much is gold worth right now in different units? Per Ounce: Around $3,268.50, down from $3,271.17 the previous day. Around $3,268.50, down from $3,271.17 the previous day. Per Gram: Roughly $106.50. Roughly $106.50. Per Kilogram: Close to $106,500. Are gold etfs showing the same trend? SPDR Gold Shares (GLD) is up 0.5%, trading at $305.45. iShares Gold Trust (IAU) has risen 0.5% to $62.50. abrdn Physical Gold Shares ETF (SGOL) is up 0.4%, now at $31.61. Live Events What's the impact of the court ruling on the dollar and gold? Where are gold prices headed next? What are investors watching now for gold direction? U.S. core PCE Price Index (due Friday) – The Fed's preferred inflation gauge could influence interest rate expectations and gold pricing. Weekly jobless claims and revised GDP numbers – Any surprises here may swing market sentiment quickly. Fed policymakers' speeches – Their tone could give hints about the next policy moves. U.S.-China trade headlines – With talks of new tech restrictions on China surfacing from the New York Times, geopolitical tensions could add further volatility. Is this a buying opportunity for gold investors? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gold prices in the U.S. have slipped as of May 29, 2025, driven by renewed economic concerns and shifting investor sentiment. Spot gold is now hovering around $3,268.50 per ounce, reflecting a 0.6% decline from the previous day, with the market reacting to a mix of legal, economic, and geopolitical often seen as a hedge against inflation and economic instability, has taken a step back recently. The immediate trigger? The U.S. economy shrank by 0.2% in Q1 2025, raising questions about growth prospects and diminishing gold's appeal as a safe-haven asset, according to the same time, a U.S. federal court ruling on May 28, 2025, struck down a series of Trump-era tariffs, strengthening the U.S. dollar. A stronger dollar tends to put downward pressure on gold, making it more expensive for foreign buyers and reducing overall gold ETFs haven't followed the same path as spot prices. As of today:This slight uptick may suggest that long-term investors still see gold as a valuable asset, especially during market U.S. Court of International Trade ruled that several tariffs introduced under President Trump were unlawful, claiming they exceeded presidential authority, according to Reuters. This legal decision boosted the U.S. dollar, which has been recovering steadily, putting pressure on have shifted attention toward riskier assets, as this ruling is viewed by some as a positive step for global trade. The dollar's climb has made gold less attractive, especially as inflation pressures appear to ease futures for June 2025 are currently priced around $3,283.70 per ounce, per Yahoo Finance, and MarketWatch. Analysts believe that $3,250 could act as a strong support level, while resistance sits near $3, the gold market is in a short-term downtrend. The 14-day Relative Strength Index (RSI) is slipping below midline (near 49.50), and buyers recently failed to hold the $3,295 level, which was key prices fall further, watch for potential support around $3,230 and $3,168 — both crucial levels tied to previous Fibonacci retracement patterns. On the upside, a clear break above $3,350 would be needed to revive the bullish with short-term weakness, some analysts say this dip could be a buying opportunity for long-term holders. With gold still trading above key support zones, and market uncertainty far from over, many see gold as a smart always, market timing is tricky—but for those betting on inflation risks, global conflict, or dollar volatility, gold's current levels might offer prices are falling due to a stronger U.S. dollar and weak GDP see support near $3,250 and resistance close to $3,300 in 2025.
