Gold Pauses, EUR/USD Lifts as Trump Backs Off Tariffs

From Investing.com: 2025-05-26 02:18:00

President Trump has decided to delay the 50% tariff threat on EU goods until July 9 to allow for more time to negotiate a trade deal, with the initial announcement made on Friday. Despite the news, the USD remains weak while EUR/USD climbs above key resistance at 1.1380. Gold prices have stalled after failing to clear $3367, with a bullish setup emerging for the EUR/USD pair. Offers may surface at 1.1420, with a target of 1.1500 for those seeking higher risk-reward. Gold’s rebound has stalled, with $3367 acting as a key level of support and resistance.



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