From Investing.com: 2025-05-29 05:23:00

A US federal court has blocked Trump’s tariff decisions, causing the dollar and US stocks to jump initially, but the rally is fading. There is a risk of Trump reverting to his confrontational stance after the court ruling. Gold is attempting to climb higher while oil trades above $63. The court’s ruling changes the status quo in US trade policy. The US administration has appealed the decision, but investors are anticipating Trump’s response, which may include stepping up pressure on the Fed. A busy data calendar and an interesting 7-year auction are also on the horizon. Gold is suffering losses while oil rallies.



Read more at Investing.com: US Dollar Benefits From Court’s Tariff Decision, but Outlook Remains Clouded