Overview

• Spot gold hovered around $3,346 per ounce on May 27 after modest losses earlier in the week following President Trump’s decision to delay EU tariffs until July.
• In India, 24-karat gold traded between ₹96,410 and ₹99,300 per 10 grams across major cities, underpinned by sustained retail and institutional buying.
• Geopolitical conflicts in Ukraine and the Middle East continued to underpin safe-haven demand even as US-EU trade tensions eased.
• The US dollar index remained near multi-week lows, making dollar-priced gold more attractive to overseas investors.
• Analysts warn that upcoming US personal consumption expenditures data and Federal Reserve minutes could trigger renewed volatility against long-term forecasts of $4,800 to $8,900 per ounce by 2029.