(Updates with U.S. market close, adds oil and gold settlement,

fresh analyst quote)

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U.S. appeals court reinstate tariffs

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Wall Street stocks finish higher

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Dollar loses ground against safe havens

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Oil prices settle lower, gold rises

By Chibuike Oguh

NEW YORK, May 29 (Reuters) - Global stocks rose while

the U.S. dollar weakened on Thursday as markets digested an

ongoing court battle over President Donald Trump's so-called

"Liberation Day" tariffs.

The U.S. Court of International Trade issued a ruling late

on Wednesday that Trump overstepped his authority by imposing

across-the-board duties on imports from trading partners.

The decision triggered a court battle that would likely

weigh on markets, after the Trump administration swiftly

appealed the ruling and an appeals court temporarily reinstated

the tariffs.

On Wall Street, all three indexes finished higher after

losing ground in the previous session, indicating that markets

largely view the decision in a positive light. Nvidia

ended up 3% after reporting earnings that beat expectations

after markets closed on Wednesday.

The Dow Jones Industrial Average rose 0.28% to

42,215.73, the S&P 500 rose 0.40% to 5,912.17 and the

Nasdaq Composite rose 0.39% to 19,175.87

Europe's STOXX 600 index finished down 0.19%, after

rising earlier in the session. MSCI's broadest index of

Asia-Pacific shares outside Japan had closed up

0.77% overnight.

MSCI's gauge of stocks across the globe rose

0.44% to 880.26.

"I think markets are just going to continue to be caught in

this pinball machine of court decisions, executive orders and

judicial reviews," said Mark Spindel, chief investment officer

at Potomac River Capital in Washington.

"This is what happens when you don't follow a more sticky

legislative process when developing policy. The result of using

executive orders is that you're at the mercy of a court that is

ruling on, circumscribing, or endorsing those orders. Markets

are caught in the middle of all this, and the result is chaos

and uncertainty."

The U.S. dollar had initially risen against safe-haven

currencies following news of the federal court decision late on

Wednesday, but it has since pared those gains and was down on

the session.

Data showed that labor market conditions continue to ease,

as the number of Americans seeking unemployment benefits

increased more than expected last week.

The dollar weakened 0.48% to 144.13 against the Japanese yen

and was down 0.51% to 0.823 against the Swiss franc

. The euro was up 0.64% at $1.1364.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

fell 1.03% to 99.36.

U.S. Treasury yields, which have been under pressure with

investors unnerved by Trump's hefty tax and spend bill,

initially rose on Thursday but retreated.

The yield on benchmark U.S. 10-year notes fell

4.7 basis points to 4.432%. The 30-year bond yield

fell 5.2 basis points to 4.9264%.

Oil prices fell, retreating from earlier gains, with markets

eyeing possible U.S. sanctions on Russian crude flows.

Brent crude futures settled down 1.2% to $64.15 a

barrel. U.S. West Texas Intermediate crude fell 1.5% to

$60.94 a barrel.

Gold prices rose in volatile trading partly aided by the

softer jobs data. Spot gold rose 0.8% to $3,315.73 an

ounce. U.S. gold futures were settled 0.6% higher at

$3,343.90.