The Trump administration appealed the tariff ruling from the trade court, U.S. stocks gave up gains, U.S. Treasury yields rose, and gold prices maintained their upward trend
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The Trump administration has requested the appeals court to suspend the tariff ruling of the U.S. Trade Court and may ask the Supreme Court to maintain the tariffs unchanged on Friday. In the U.S. stock market, the S&P 500 index narrowed its gains to 0.2%, the Dow Jones Industrial Average fell over 0.1%, and the Nasdaq rose 0.55%. The yield on the U.S. 10-year Treasury bond fell by more than 4.9 basis points, while spot gold rose by about 0.9%, remaining around $3,322.09
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