US stocks and the dollar experienced a significant decline following a Federal appeals court’s decision to temporarily halt the trade court ruling that had impeded the implementation of US reciprocal tariffs. This ruling introduced uncertainties, leading to a surge in risk-off sentiment, which in turn boosted demand for safe-haven assets such as the euro and gold.
Source: https://www.euronews.com/business/2025/05/30/wall-street-retreats-as-trump-tariffs-get-a-temporary-reprieve-from-appeals-court
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