Gold steadied on Wednesday, as investors bought on the dip, although gains were capped on easing U.S.-EU trade tensions, with the market now awaiting the upcoming U.S. core Personal Consumption Expenditures (PCE) report for interest rate clues.

Gold prices fell and the U.S. dollar weakened after President Donald Trump delayed the implementation of 50% tariffs on the European Union on Sunday. Experts predict that a dip could be an “opportunity” to buy for the long term amid the ongoing policy

Markets remain in wait-and-see mode, weighing a number of risks including the swelling US deficit, ongoing trade talks and worsening conflicts in the Middle East and Ukraine.

Gold prices dropped sharply on Tuesday, as the US dollar gained ground and President Donald Trump eased his threats of new tariffs on the European Union,

Gold prices slipped from a two-week high on Monday (May 26) after US President Donald Trump set a Jul 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50 per cent tariff from Jun 1.

The Friday announcement from the president came after a week of ups and downs, including Moody's downgrading the nation's credit rating.

Stocks in both the United States and Japan climbed hard on Monday after President Donald Trump said he would delay the 50% tariffs he previously threatened on

Gold steadied after its first decline this week, as some traders turned to long-term US government bonds and the dollar instead of the precious metal.