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Copper prices rocket 11% higher in mad scramble following tariff threat: Is silver next to explode?
Copper prices exploded to record highs on Tuesday after former President Donald Trump shocked markets with a surprise 50% tariff on all imported copper, triggering a rush of U.S. buying and global supply fears. Within minutes, Comex copper futures surged to an intraday record high of $5.896 per pound, up 11% on the day. Although prices have since retreated from those highs, they remain in record territory, trading at $5.48 per pound. In an interview with Kitco News, Bart Melek, Head of Commodity Strategy at TD Securities, described the price action as a liquidity event—similar to what drove gold prices higher at ... (full story)
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From finance.yahoo.com|Jul 8, 2025Copper futures on the Comex surged as much as 17% after US President Donald Trump said he planned to implement a 50% tariff on imports of the metal. Trump’s comments — which came ...
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- Jul 8, 2025 2:56pm Posted byFundamental Analysis254
