Global markets climbed and the euro rallied after U.S. President Donald Trump kicked his threat to slap 50% tariffs on European Union goods into July, marking another temporary trade policy reprieve.
Stocks and euro jump on Trump EU tariff delays
Gold falls after Trump extends tariff deadline on EU good
Gold prices fell after U.S. President Donald Trump dropped his threat to impose 50% tariffs on goods from the European Union from June 1, reducing demand for the safe-haven asset. Markets in the US and UK were closed on Monday due to public holidays.
The Gold-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal.
Support: 3292.5 | Resistance: 3390
Euro rises after Trump delays EU tariffs
The euro hit a one-month high against the U.S. dollar after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to “reach a good deal”.
Nvidia to launch cheaper Blackwell AI chip for China
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, The GPU is expected to be priced between $6,500 and $8,000.
Oil gained ahead of Memorial Day weekend
Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators.
The Oil-Dollar pair exploded 1.5% in the last session. The MACD is giving a positive signal.
Support: 58.651 | Resistance: 63.992
BlackRock’s Bitcoin ETF notches 2-week high inflow
BlackRock’s iShares Bitcoin Trust has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds to scoop up the rocketing cryptocurrency. IBIT’s May 21 net inflows hit $530.6 million.
The Bitcoin-Dollar pair exploded 1.8% in the last session. The MACD is giving a positive signal.
Support: 106982 | Resistance: 114932