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Gold Rising With Trade War Fears And Prospect Of U.S. Rate Cuts
Gold prices surged significantly on Wednesday, April 9, driven by rising demand for safe-haven assets following the enactment of “reciprocal” tariffs announced by U.S. President Donald Trump. Further supporting the precious metal were a weakened dollar and rising...
Primary Aluminum Premiums In Contrasting Movement Globally
During the week ending Tuesday, April 8, P1020A primary aluminum premiums showed mixed trends in major global trading areas, reflecting widespread uncertainty and generally bearish sentiment. According to various market sources, the dynamics are influenced by seasonal...
Base Metals Prices In Free Fall In Shanghai: Tin Drives Declines
On Wednesday, April 9, during the morning trading session on the Shanghai Futures Exchange (SHFE), all the major base metals posted declines, with tin posting the steepest decline among the most heavily traded contracts. As of 10:30 a.m. (Shanghai time), the prices of...
EU-U.S.: Trade Tension Grows, European Countermeasures Coming
On Monday, April 7, at the end of a crucial meeting of the European Union's Foreign Affairs Council, came the declaration that marks a turning point in transatlantic trade relations: the EU is ready to apply counter tariffs on imports from the United States. After...