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Gold Eyes $3500 as USD Weakens on Trump’s Delayed Tariff Announcement
Gold Eyes $3500 as USD Weakens on Trump’s Delayed Tariff Announcement
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Gold prices are poised for further gains as the US dollar extends its downtrend following President Trump’s announcement of 50% tariffs on European goods—effective July 2025. The delayed implementation sparked rallies in EUR, GBP, and AUD, while XAUUSD now targets $3400 in the NEAR term with $3500 in sight.
Market sentiment favors Gold longs on retracements, with key pivot levels for May 26-30 suggesting strategic accumulation zones. The metal’s strength mirrors broader fiat currency realignments as traders hedge against protracted USD weakness.
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