Industrial metals breathe a sigh of relief after China-US trade truce

From think.ing.com

Copper was up around 1% in Monday afternoon trading and aluminium was almost 3% higher, while gold lost more than 2% after the US and China said they will temporarily lower tariffs on each other’s products, with the US reducing its levies on most Chinese imports from 145% to 30% and China lowering its duties on US goods from 125% to 10% for 90 days. At a briefing following the talks, US Treasury Secretary Scott Bessent said neither nation wanted their economies to decouple. This marks a substantial cooling of trade tensions between the US and China; however, questions remain for markets as to what the end game will ... (full story)