Gold prices drop 0.4% after Fed release due to inflation worries and economic caution

From Investing.com: 2025-05-29 06:28:00

Gold prices fell by 0.4% after the Fed’s May release, highlighting concerns about inflation and weak labor market. Fed held interest rates steady, emphasizing data-dependent approach and potential recession risks. Escalating trade tensions and proposed tariffs added economic uncertainty. XAU/USD continued to fall, with key levels at $3,245 and $3,285.

Euro slipped by 0.32% after a U.S. court blocked Trump’s trade tariffs, ruling them unlawful. Market faces uncertainty as the Trump administration plans an appeal. EUR/USD continued to decline, with focus on U.S. macroeconomic reports. Stronger data may push EUR/USD below 1.11800.

Japanese yen rose by 0.3% as safe-haven demand weakened amid easing tariff concerns. BoJ Governor voiced concern over rising bond yields, signaling readiness to adjust policy. JPY weakened towards 146.000, with key levels at 146.300 and 145.000 for USD/JPY.



Read more at Investing.com: Gold Dips as Fed Minutes Signal Inflation Worries and Economic Caution