Gold Price Surges, Bitcoin Slightly Adjusts, EUR/USD Rebounds – Market Update on May 23, 2025

 

🟡 Gold Price Soars on Safe-Haven Demand

On May 23, 2025, global gold prices surged to $3,357.34 per ounce, rising over $60 from the previous day.
The primary driver was increased safe-haven demand following President Trump’s announcement of a 50% tariff on goods from the European Union, raising concerns about a potential trade war.

June gold futures also followed the upward trend, closing at $3,357.70 per ounce.

Source: USAGold, Mining.com, Yahoo Finance

global gold prices surged to $3,357.34 per ounce

₿ Bitcoin Sees Mild Correction After Historic High

Bitcoin fell slightly by 1.01% over the past 24 hours, closing at $110,616 on May 23, 2025, after reaching a historic high of $111,880 on May 22.
The dip was largely attributed to market jitters caused by U.S. tariff threats against the EU, impacting investor sentiment in the crypto sector.

Additionally, the absence of new inflows into WisdomTree’s Bitcoin ETF on May 23 dampened buying momentum.

Source: Pintu News, Barron's, Blockchain News

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💱 EUR/USD Rebounds on ECB-Fed Policy Outlook

The EUR/USD exchange rate climbed 0.77% on May 23, 2025, reaching 1.1368 – its highest level in three weeks.
This rebound was supported by expectations that the European Central Bank (ECB) would maintain its current monetary policy stance, while the U.S. Federal Reserve (Fed) may consider easing measures to support the economy.

Source: Trading Economics

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📌 Conclusion: Global Markets See Sharp Volatility

May 23, 2025, witnessed significant volatility across global financial markets.
Gold surged as investors sought safety, Bitcoin experienced a healthy pullback after hitting all-time highs, and EUR/USD rebounded on central bank policy expectations.

These movements reflect the cautious mood among investors amid ongoing geopolitical and economic uncertainty.