Trump restarts tariffs on EU, dollar benefits, gold at record high, oil struggles

From Investing.com: 2025-02-10 05:05:00

President Trump has initiated a new round of tariffs, targeting the EU this time. Mixed US data keeps the Fed rate cut door shut. The dollar is benefiting, but risk appetite remains fragile. Gold reaches a new record high, while oil struggles to find stability amidst uncertainty.

Trump has restarted the tariffs war, imposing an extra 25% tariff on certain imports. The EU is the next target, with talks of reciprocal tariffs and potential retaliatory measures. US economic data remains solid, with positive employment figures but mixed consumer sentiment. The dollar holds steady, while gold continues to climb. Oil’s outlook remains uncertain amid trade tensions and geopolitical risks.



Read more at Investing.com: Risk Appetite Tested as Tariffs Rhetoric Intensifies