Gold prices surge as global trade tensions rise due to Trump's threats on EU tariffs.

From Investing.com: 2025-05-26 04:36:00

Gold prices surged by 1.91% as global trade tensions escalated, with investors turning to safe-haven assets like gold after Trump threatened 50% tariffs on European imports. The House passed Trump’s new tax bill, raising concerns over the US economy’s long-term stability. XAU/USD fell slightly, with key levels at $3,340 support and $3,370 resistance.

The euro rose by 0.75% after Trump delayed tariffs on EU imports, setting a 9 July deadline for a trade deal. The move followed a phone call between Trump and European Commission President Ursula von der Leyen, offering temporary relief to global markets. EUR/USD continued to rise, with hopes for progress in trade talks.

Japanese yen fell by 1% as investors sought safe-haven currencies amid rising tariffs. Yen strengthened after inflation in April rose at its fastest pace in over two years, fueling expectations for a BoJ interest rate hike. USD/JPY remained unchanged, with focus on the Bank of Japan’s monetary policy and key levels at 143.100 resistance and 142.000 support.



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