Both European and US markets retreated from all-time highs and are likely to end the week lower as the rally lost momentum. Risk aversion seems to be driving the selloffs amid economic concerns and the upcoming US Presidential Election. Safe-haven assets such as the US dollar, gold, and silver climbed further, while the euro and other currencies, as well as crude oil and copper prices, declined due to soured sentiment. US government bond yields rose to a three-month high as markets expect the Federal Reserve to slow the pace of rate cuts for the rest of the year. EuropeEuropean benchmarks are …