-
Metals Gain After Reports of Trump Delaying US Tariffs Rollout
Copper rose 0.9% during Donald Trump’s inauguration day while gold edged higher, following news reports that the new US president will refrain from immediately implementing aggressive tariffs. A Bloomberg gauge of the dollar fell as much as 1.2% following a Wall Street Journal report that Trump will stop short of imposing new tariffs on his first day in office. A weaker dollar makes metals cheaper in other currencies. Premiums for gold and copper on the New-York based Comex also narrowed after the report, cooling a trend that has seen US metal prices surge above other international benchmarks on the threat of ... (full story)