Oil, Copper, Base Metals Under Pressure: How Tariff Threats Will Shape Trading
From Investing.com: 2024-11-26 04:08:00
Metals prices fell as Trump threatened more tariffs on Chinese, Mexican, and Canadian goods, causing a strengthening dollar. Precious metals dropped on progress in Israel-Hezbollah peace talks. Steel inventories in China rose, while steel production increased. Energy prices dipped on reports of an imminent Israel-Hezbollah deal. Trump’s proposed tariffs could impact global trade and energy markets. Coffee prices surged due to tight supplies and weather concerns in Brazil. Agriculture exports varied in the US, with corn and wheat inspections rising, while soybean exports decreased.
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