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Copper, Aluminum Prices Plunge Again as Tariffs Spark Worry Over Global Growth Slowdown
Express News | Alcoa Corp : Jefferies Cuts Target Price to $43 From $45
Shares of Companies Within the Broader Materials Sector Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Express News | Shares of Companies Within the Broader Materials Sector Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs
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."
Base Metals Lower as Economic Growth Risks Weigh -- Market Talk
