Gold Market Drivers: 27 May 2025 Review
Originally published 2025-05-27. Translation and editorial review: 14 October 2026. Market figures refer to the original reporting period.
Over the past 3 days (24–26 May 2025), the gold price has been volatile due to several important international economic and political factors, affecting investor confidence and the outlook for the gold market.
Factors affecting the price of gold
1. US Tax Deferral towards the European Union
On May 26, 2025, President Donald Trump announced a postponement of 50% tariffs on goods from the European Union that were originally scheduled to begin on June 1 to July 9. This decision helped ease trade tensions and sent European and U.S. stock markets up, while the price of safe-haven gold fell slightly. WSJ www.wsj.com
2. Economic uncertainty and investment in gold
despite the postponement of tax collection But as concerns about a recession and financial uncertainty persist, investors continue to look to gold as a safe-haven asset. As a result, demand for gold remains high. A report from the World Gold Council shows global gold demand in the first quarter of 2025 increased 13% year over year. Business Insider www.businessinsider.com
3. Gold price forecasts from financial institutions
Goldman Sachs predicts that the price of gold could reach $3,880 an ounce by 2025 if the economy enters a recession.
Citi raises short-term gold price target to $3,500 per ounce from $3,150 per ounce. Investing.comMINING.COM investing.commining.com
Summary of gold prices for the past 3 days.
date | Gold Price (USD/Ounce) |
24 May 2025 | $3,342.49 |
25 May 2025 | $3,342.49 |
26 May 2025 | $3,341.84 |
Source: USAGoldUSAGOLD www.usagold.com www.usagold.com
Short-term gold price trend
Although gold prices dropped slightly on May 26, fundamentals still support an uptrend in the medium to long term. Especially if economic and political uncertainty persists, UBS analysts expect gold prices may return to test the $3,500 per ounce level in the coming months. MINING.COM mining.com
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