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May 30, 2025

Gold Faces Pressure as US Dollar Strengthens After Appeals Court Ruling

Gold prices have dropped near $3290 during Friday’s European trading after a robust day of gains. The XAU/USD pairing has come under pressure as the US Dollar gains traction following a decision by the US Court of Appeals to suspend previous rulings against tariffs imposed by Trump. This development raises questions about the long-term outlook for gold amid shifting market dynamics. Investors need to closely monitor these developments to capitalize on potential market reactions.

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