Metals Claw Back Losses as Tariffs Escalation Rattles Markets

From bnnbloomberg.ca

Copper and other metals reversed earlier drops that tracked a brutal market-wide selloff, as US President Donald Trump’s broadening trade war batters the prospects for the global economy. China on Friday retaliated against the sweeping US levies announced last week in a further worsening of the trade conflict between the world’s two largest economies. Copper extended its three-day selloff to as much as 16%, the steepest drop since October 2008, in the depths of the Global Financial Crisis. Gold rose after earlier falling as much as 2.2% to below $3,000 an ounce. Copper advanced 2.4% after earlier sliding as much ... (full story)