Metals: Gold nears record high on Trump’s China comments – ING
Source Fxstreet
Gold rose close to a record high late last week after Donald Trump signalled a less aggressive approach to China, ING's commodity analysts Warren Patterson and Ewa Manthey note.
Trump pushes Gold higher
"In a TV interview last week Trump said he would 'rather not have to use' tariffs against China. His comments weighed on the US Dollar (USD) and lifted Gold prices higher. Although renewed USD strength this morning following escalation between the US and Colombia is providing some headwinds to Gold in early morning trading."
"Trump’s softer tone towards China also pushed Copper and other base metals higher last week. Copper climbed to a two-month high above $9,300/t in Friday’s session after Trump’s comments have eased trade concerns, at least for now."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
U.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
Related Instrument
