Global gold price surges today May 27 2025
According to webangah News Agency, gold prices climbed to a two-week high in Tuesday’s trading session as the dollar weakened and concerns grew over the U.S. fiscal outlook. Investors await key economic data to gauge the Federal Reserve’s interest rate policy path.
Spot gold edged up 0.02% to $3,344.40 per ounce, while gold futures on New york’s COMEX fell 0.69% to $3,371.20.
Market participants worry that expanding U.S. budget deficits could further erode the dollar’s value and support gold prices.
The dollar index dropped 0.3%, hitting its lowest level in a month—making bullion cheaper for holders of other currencies.
The U.S. House recently passed Trump-era tax cuts that may add $3.8 trillion to federal debt over the next decade, with Congressional budget Office figures showing national debt at $36.2 trillion.
Simultaneously occurring,former President Donald Trump extended tariff negotiations with the EU until July 9 after threatening 50% duties on European imports next month.
Traders now focus on upcoming Federal Reserve policymaker speeches and U.S Personal Consumption Expenditures (PCE) data for clues about interest rate direction—with markets pricing in potential September rate cuts.
Among other precious metals: silver fell 0.26% to $33/oz while platinum declined 0/45%to$1/08559
