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1 day ago | 
ca.finance.yahoo.com | Jake Lloyd-Smith |Yvonne Yue Li
(Bloomberg) -- Copper edged higher as risk appetite improved after President Donald Trump eased off on criticisms of Federal Reserve Chair Jerome Powell and China.
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1 day ago | 
bloomberg.com | Jake Lloyd-Smith |Yvonne Yue Li
(Bloomberg) -- Copper edged higher as risk appetite improved after President Donald Trump eased off on criticisms of Federal Reserve Chair Jerome Powell and China. The US leader said he had no intention of firing Powell and believed a deal with Beijing would significantly reduce the sweeping tariffs he’s imposed on Chinese goods.
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2 weeks ago | 
bnnbloomberg.ca | Jake Lloyd-Smith
(Bloomberg) -- Gold and US copper opened lower on Monday, extending declines in a brutal market-wide selloff as US President Donald Trump’s broadening trade war batters the prospects for the global economy. Bullion for immediate delivery, which has touched repeated record highs in recent weeks, fell as much as 1.3%, while copper futures dropped by as much as 8.5%. That follows a metals-to-oil rout that saw the Bloomberg Commodity Index tumble 5.8% in its worst week since 2022.
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2 weeks ago | 
bloomberg.com | Jake Lloyd-Smith
Gold extended a drop at the week’s open, as investors weighed worsening risks from the US-led trade war. Bullion for immediate delivery slid as much as 1.3% to $3,000.37 an ounce, after retreating by more than 2% on Friday. Financial markets from equities to commodities have been rocked by US President Donald Trump’s wave of tariffs, as well as retaliatory measure from nations including China.
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1 month ago | 
bloomberglinea.com | Jake Lloyd-Smith
Bloomberg — Un potencial arancel estadounidense a las importaciones de petróleo pasaría a los consumidores una factura de US$22.000 millones al repercutirse los mayores costes, al tiempo que haría poco por estimular la producción nacional de crudo, según Goldman Sachs Group Inc. (GS).
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1 month ago | 
fortune.com | Jake Lloyd-Smith
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1 month ago | 
investmentnews.com | Jake Lloyd-Smith
by Jake Lloyd-Smith A potential US tariff on oil imports would hand consumers a $22 billion bill as higher costs get passed on, while doing little to stimulate domestic crude production, according to Goldman Sachs Group Inc. The possible levy — which has been floated by the Trump administration, including on flows from Canada and Mexico — would mean a cost equivalent to $170 per household, analysts including Callum Bruce said in a note.
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1 month ago | 
bloomberg.com | Jake Lloyd-Smith
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2 months ago | 
bloomberg.com | Simon Kennedy |April Ma |Jake Lloyd-Smith
This article is for subscribers only. Bloomberg reporters answer questions about Trump's EU tariff threats and the impact it could have on markets in a Live Q&A at 8 a.m. EST/1 p.m. GMT. Listen here. Despite the billions of dollars at stake, the US Treasury’s quarterly announcement about how it plans to raise debt is often just a matter of passing interest. Traders tune in to hear about coming bond sales, but swiftly move on given the department’s commitment to be “regular and predictable.”
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2 months ago | 
detroitnews.com | Jake Lloyd-Smith
Oil edged lower as investors waited for clarity on US trade policy, after Donald Trump’s pick for commerce secretary said Canada and Mexico, the country’s top crude suppliers, may avoid high tariffs. Brent slipped near $76 a barrel, declining for a second day. Howard Lutnick said the two US neighbors could avoid the curbs if they took action on illegal migration and fentanyl. Previously, officials had indicated that the penalties could kick in this weekend.
