Copper, Aluminum Prices Plunge Again as Tariffs Spark Worry Over Global Growth Slowdown

Seeking AlphaApr 4 20:42

Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."

In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."

wallstreetcnApr 3 21:56

Base Metals Lower as Economic Growth Risks Weigh -- Market Talk

WSJApr 3 17:33

The USA has excluded Steel, Aluminum, and Gold from reciprocal tariffs to alleviate cost pressure on domestic companies.

The White House stated that Steel and Aluminum imported products will not be affected by reciprocal tariffs, which will provide some buffer for domestic buyers in the USA.

Zhitong FinanceApr 3 07:35

Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.

On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.

cls.cnApr 3 07:00

Press Release: Kaiser Aluminum Corporation Announces First Quarter 2025 Earnings Release, Conference Call, and Change in Inventory Accounting Methodology

Dow JonesApr 3 04:44