Mumbai, June 2 -- Copper soared today as metals witnessed a highly bullish activity amid weakness in the US dollar. US President Donald Trump warned of doubling tariffs on imported steel and aluminium to 50 % starting June 4. Donald Trump also accused China of violating the trade agreement reached last month while China also countered it with a similar charge against the US, thereby triggering worries over global trade talks following a favourable tilt in proceedings recently. This boosted precious metals clubbed with an escalation in the Russia- Ukraine conflict. Copper soared near $5 per pound, gaining as much as five percent in intraday moves as markets feared that the Trump tariff talk on steel and aluminium could soon spill over to cop...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.