Efforts are underway to dissuade the Trump administration from severing ties with the UN refugee agency, with the Trump said to have weighed cutting ties with the UNHCR, according to sources

The potential severing of ties between the Trump administration and the UN refugee agency could escalate geopolitical tensions, impacting the global perception of U.S. foreign policy. This move may evoke reactions in various asset classes, particularly safe havens like gold, as markets assess the implications on the U.S. dollar and broader international relations. Traders should remain cautious as developments in this area can lead to volatility, especially in risk-sensitive assets.