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🇺🇸 US Senator Lummis calls for the US government to sell its gold and buy
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$BTC $ETH $XRP ⭕ Here are the most important market developments: • Markets are in a state of confusion as Trump's steel tariffs approach. • Trade tensions between China and the US are escalating despite the possibility of a phone call or meeting between the two countries' presidents. ⬅️ Markets are still holding their breath, awaiting several closely-watched data releases. • Eurozone inflation slowed to 1.9% in May, above expectations of 2%, increasing pressure on the euro.
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$BTC $ETH $XRP 🔴 Gold prices retreated after approaching a four-week high as the dollar strengthened, but fears of renewed trade tensions between Washington and Beijing limited losses.
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$BTC $ETH $XRP 🔴 Oil prices rise amid fears of declining global supplies, expectations that Iran will reject the US proposal on the nuclear agreement, and continued production disruptions in Canada due to wildfires.
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$BTC $ETH $XRP 🔴 Asian markets rebounded at the close of trading, with the exception of Japan's Nikkei index, which declined amid a decline in 10-year government bond yields.
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$BTC $ETH $XRP 🟥 The Organization for Economic Cooperation and Development lowers its forecast for US economic growth from 2.2% to 1.6% for 2025, due to disruptions caused by Trump's tariffs.
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