Trump Backs Down on EU Tariffs, but US Dollar at 1-Month Low
From Investing.com: 2025-05-26 06:37:00
Gold prices dipped as US-Iran talks made progress and President Trump expressed interest in negotiating a ceasefire in Gaza. Meanwhile, Trump agreed to postpone a 50% tariff hike on EU goods after talks with von der Leyen, boosting European stocks and weakening the dollar. Despite the positive news, uncertainty remains as new trade deals are elusive and negotiations with Japan are slow. The yen slipped as traders await more clarity on trade talks and Fed speakers signal a potential long pause in rate cuts. Oil prices climbed on positive market sentiment, while gold suffered another setback.
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