CandleFocus

Copper tariffs, changing timeline position markets for more volatility

Copper tariffs, changing timeline position markets for more volatility
President Trump ordered an investigation into placing tariffs on copper imports, as he believes foreign dominance of copper exports poses a threat to US national security and economic stability. The news caused investors to adopt a risk-off mindset, leading to stability in gold prices and increased interest in safe haven assets. Additionally, copper futures traded on the Comex saw a rise of as much as 5%.

Related News