• Mon, Feb 9, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

26 March 2025 17:56  |

Gold tries to flip weekly performance into positive territory after Trump announces Copper tarrifs

Gold’s price (XAU/USD) is edging higher to around $3,022 at the time of writing on Wednesday and is turning this week’s performance into green numbers. The precious metal is being bought together with other precious metals as Copper pops to a new all-time high.

Copper metal is in the eye of attention after United States (US) President Donald Trump mentioned on Tuesday that Copper tariffs will be implemented in the coming weeks, which is far sooner than markets were anticipating.

Meanwhile, there is also a headline risk on Ukraine, where a Black Sea ceasefire deal is on the table. Ukraine’s President Volodymyr Zelenskiy was quick to support the breakthrough and said his country was ready to adhere to it effective immediately.

The Kremlin was quick to issue additional demands that would need to be met before the ceasefire deal in the Black Sea could become valid, with the request to see sanctions on banks and companies involved in agricultural exports being halted, Bloomberg reports.

Source: FXStreet

Related News

GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Faces Selling Pressure Ahead Of PCE And Tariffs Due La...

Gold (XAU/USD) price is pulling back from its recent record high, currently standing at $2,800.93, with profit-taking still o...

31 January 2025 18:00
GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise to Near-Record High, Recovering Monday’...

Gold futures rose, holding steady after a small sell-off on Monday. Gold futures were up 0.3% at $3,025.20 an ounce, near Thu...

25 March 2025 16:35
BIAS23.com NM23 Ai