Throughout May, the XAU/USD chart experienced fluctuations, influenced by both international trade tariffs and global unrest. The market saw peaks around $3,430 and nadirs near $3,130. Currently, the price of gold per ounce stands at approximately $3,300, maintaining stability since the beginning of the month. This level remains critical for traders as global geopolitical factors continue to weigh on market trends. Investors must navigate these risks effectively for potential future gains.