From Yahoo Finance: 2025-05-30 16:44:00

Gold prices fell to a weekly low of $3,260/oz after a court ruled against the Trump Administration’s tariff authority. However, a Federal appeals court later paused the ruling, causing gold prices to rebound. The US Dollar’s response to legal and policy shifts impacted gold’s movement, ending the week near $3,300/oz.

The week saw market volatility due to Trump Tariff headlines, affecting gold prices through the US Dollar. Gold spot markets experienced a sell-off, dropping to around $3310/oz. Despite a quiet data calendar, news of the US Court of International Trade’s decision caused gold prices to slide to $3260/oz before rebounding.

Following a Federal appeals court’s temporary pause on the ruling against the Trump Administration, gold prices reclaimed $3300/oz. The US Dollar’s value decreased against partners, allowing gold spot prices to rebound to $3325/oz before settling around $3300/oz. The trade policy headlines may slow as the decision moves to the Supreme Court.

Looking ahead, macro data next week includes key ISM survey reads and the May jobs report. Traders are encouraged to enjoy the weekend before another market recap next week.



Read more at Yahoo Finance: Gold Swings Below $3,300 as Court Ruling Roils Dollar and Trade Policy Uncertainty