Analyst: The escalation of tariff situations may easily trigger a broader sell-off of risk assets

ChainCatcher news, according to Jinshi Data reports, gold futures prices fell after Trump extended the tariff deadline on EU goods. Trump stated on Sunday that he would postpone the plan to impose a 50% tariff on EU goods until July 9, which improved market risk sentiment and reduced demand for safe-haven assets.

Ipek Ozkardeskaya, an analyst at Swiss Union Bank, pointed out in a report that the EU as a whole is the largest trading partner of the United States, and escalating tensions could easily trigger a broader sell-off of risk assets.