Gold News

Gold prices fell to a one-week low of $2,350 an ounce on Thursday after a US federal court suspended part of President Donald Trump's tariffs, which were enacted on his proclaimed "Liberation Day."

The ECB has recently addressed the connection between the record growth of the gold market and risk perception in financial markets. Investing in the yellow metal in turbulent times is attractive due to the absence of counterparty risk if gold is held in physical form.

Gold imports to Switzerland from the United States more than doubled in April, reaching their highest levels since 2012, Reuters reports, citing Swiss customs data. According to the news agency, this significant increase followed the official exclusion of precious metals from the US import tariffs.

The current correction in the precious metals market is a result of easing trade tensions. However, as Francisco Blanche from Bank of America Securities believes, in the second half of 2025, gold and silver will continue to rise in price against the background of increased instability.

Gold prices remain relatively stable on Wednesday. Investors' buying on the drawdown is holding back the fall in prices, but easing trade tensions between the US and the EU are preventing the market from further increase.

Gold prices declined slightly amid falling demand for safe-haven assets. Bloomberg experts attribute this drop to the prospect of improving trade relations between the United States and the European Union.

The Atlantic Council warns that aggressive US tariff policies are driving global economies to buy ever more gold. A growing number of governments are turning to gold to mitigate exposure to US restrictions by treating the precious metal as a de facto global currency.

Donald Trump's plans to impose 50% duties on European goods remain a serious threat to the global economy. Besides, surging US debt undermines investor confidence in the Treasury bond market. Weak demand for bonds and, as a result, a sharp rise in yields may boost interest in gold.

Citi has raised its short-term outlook for gold to $3,500 citing trade and geopolitical uncertainty. Analysts expect the metal prices to consolidate between $3,100 and $3,500. The forecast released on May 12 suggested the range of $3,000–3,300.

Despite reports suggesting easing trade tensions between the US and China, gold has maintained its position above $3,340 an ounce, as noted by analysts from Kitco News.