Gold prices fall on US-EU tariff deal; silver rallies

Wednesday, Jul 23, 2025 1:12 pm ET1min read

Gold prices fell on the news of a U.S.-EU tariff deal, while silver rallied. The deal is expected to boost global trade and weaken the metal's safe-haven appeal. Gold prices fell by 0.5%, while silver prices rose by 2.5%. The U.S.-EU tariff deal is expected to be finalized soon, which could further impact gold and silver prices.

Gold prices fell on the news of a U.S.-EU tariff deal, while silver prices rallied. The deal is expected to boost global trade and weaken the metal's safe-haven appeal. Gold prices fell by 0.5%, while silver prices rose by 2.5%. The U.S.-EU tariff deal is expected to be finalized soon, which could further impact gold and silver prices.

The U.S.-EU tariff deal, announced by U.S. President Donald Trump, lowered tariffs on auto imports and spared the European Union from punishing new levies on other goods. In exchange, the EU agreed to a $550 billion package of U.S.-bound investment and loans [2].

The deal has had an immediate impact on precious metals. Gold prices, often considered a safe-haven asset, tend to do well during times of economic uncertainty and geopolitical tension. However, the U.S.-EU tariff deal has diluted demand for safe havens, leading to a 0.5% drop in gold prices [4]. Silver, on the other hand, has seen a 2.5% price increase, driven by strong industrial demand and supply deficits [3].

The U.S.-EU tariff deal is expected to be finalized soon, which could further impact gold and silver prices. Gold prices are likely to continue to fall as the deal boosts global trade and weakens the metal's safe-haven appeal. Silver prices, however, are expected to remain high due to strong industrial demand and supply deficits.

References:
[1] https://www.investing.com/news/politics-news/indonesias-tariff-deal-with-us-may-take-effect-before-august-1-93CH-4143646
[2] https://www.businesskorea.co.kr/news/articleView.html?idxno=247677
[3] https://www.mining.com/gold-price-drops-as-trade-concerns-ease-while-silver-price-rallies/
[4] https://www.reuters.com/world/china/safe-haven-gold-edges-lower-us-japan-trade-deal-eases-some-uncertainty-2025-07-23/

Gold prices fall on US-EU tariff deal; silver rallies

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