From Investing.com: 2025-05-27 04:13:00

Gold prices fell slightly on Monday after the EU agreed to accelerate trade negotiations in response to Trump’s tariff threat. The deadline for the tariff implementation has been postponed to July 9 for further dialogue. Market participants are cautious about disruptions to global trade. XAU/USD remained stable, with key levels at $3,320 support and $3,370 resistance.

The euro gained against the dollar as concerns over the US fiscal outlook grew. ECB President Lagarde suggested the euro could become a global reserve currency with strengthened financial architecture. EUR/USD remained stable ahead of US economic reports today. Better-than-expected data may support the dollar and weaken the euro.

The British pound reached its highest levels since 2022 following Trump’s tariff delay on EU goods. GBP/USD rose, driven by strong UK retail sales data despite inflation concerns. Markets are now pricing in a potential BoE rate cut by August. GBP/USD may experience volatility today with a BoE speech and US economic reports. Jobless claims data will be crucial for the pair’s movement.



Read more at Investing.com: Gold Holds Near Two-Week High Amid EU-U.S. Trade Uncertainty