BlockBeats News, May 26th - After Trump extended the deadline for U.S. tariffs on EU goods, the price of gold futures fell. Trump stated on Sunday that he would postpone the plan to impose a 50% tariff on EU goods until July 9th, which improved market risk sentiment and reduced demand for safe-haven assets.
UBS analyst Ipek Ozkardeskaya noted in a report that the EU as a whole is the largest trading partner of the United States, and escalated tensions could easily trigger a wider sell-off of risk assets. (FXStreet)
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