Tariff

NEWS DESK

Copper rally faces tariff roulette, but fundamentals remain tight – Saxo Bank

News Desk 05/06/2026

Copper has extended its rally in 2026, trading around 14% higher year-to-date and roughly one-third above levels seen a year ago. While the magnitude of the move has raised concerns about demand destruction and speculative excess, the underlying story continues to strengthen. Mine supply is

NEWS DESK

Trump’s tariff threats over Greenland push hard assets back to centre stage – Saxo Bank

News Desk 19/01/2026

Gold and silver, which both faced some profit-taking pressure late last week, jumped to fresh record highs as renewed geopolitical tensions resurfaced. Trump’s push to take control of Greenland has widened the geopolitical fault line between the United States and Europe and introduced the risk of tariffs and retaliation. Combined with ongoing Iran risks, concerns […]

NEWS DESK

$19B Crypto Crash Rebounds as Trump Eases China Tariff Fears

PR News Desk 13/10/2025

Crypto markets experienced unprecedented volatility on Friday following an announcement by former President Donald Trump on Truth Social regarding new US tariffs on Chinese imports. The tariffs, set to take effect on November 1st, would impose an additional 100% duty on Chinese imports on top of existing tariffs. The announcement triggered the largest single-day

NEWS DESK

US-China Tariff Truce Eases Pressure on UAE Economy

PR News Desk 15/08/2025

With Washington and Beijing agreeing to extend trade negotiations until November 10, avoiding immediate tariff escalation, global markets are breathing a sigh of relief, and the UAE stands among the key beneficiaries. The decision by the U.S. and China to keep talks alive has tempered volatility in tech exports and the oil market, both of […]

NEWS DESK

Tariff shock sends gold futures soaring – yet spot market holds the real signal – Saxo Bank

PR News Desk 08/08/2025

Gold futures on the COMEX exchange in New York soared overnight relative to the London spot price after an article in the Financial Times suggested the US would now—counter to expectations—apply tariffs on imports of 1 kg and 100 oz bars adding a fresh blow to Switzerland, the world’s largest refining hub. One-kilo bars are […]

NEWS DESK

Oil Prices Dip Amid Tariff Concerns, but Demand Holds Steady : Comments from Century Financial

PR News Desk 17/07/2025

Oil prices declined by around 2% over the last three sessions after Trump announced that he would send letters to over 150 countries, notifying them of tariff rates ranging from 10% to 15%. Moreover, U.S. government data presented a mixed picture of stockpiles, showing an increase in distillate holdings but a decline in nationwide crude […]

NEWS DESK

NY copper surges on 50% Trump tariff threat – Saxo Bank

PR News Desk 09/07/2025

High-grade copper futures in New York surged on Tuesday, reaching a fresh record high of USD 5.8955/lb, after President Trump, during a cabinet meeting, stated he was considering a 50% tariff on copper imports—well above the 25% anticipated by the market. The remark reignited tensions around the ongoing Section 232 investigation into copper, which for […]

NEWS DESK

Gold, Silver Steady Amid Tariff Uncertainty : Comments from Century Financial

PR News Desk 08/07/2025

Crude Oil prices bounced back significantly on Monday, with a 1.95% rise in WTI and a 2.41% rise in Brent by the close. Despite an increase in supply from OPEC+ members over the weekend, crude oil prices continued to rise. This could primarily be due to renewed geopolitical tensions in the Middle East, specifically after […]

NEWS DESK

Markets Cautious as U.S. Tariff Pause Ends on July 9: Comments from Saxo Bank

PR News Desk 07/07/2025

“As the July 9 deadline approaches, the global economy is bracing for the expiration of the 90-day pause on sweeping U.S. tariffs introduced by President Trump earlier this year. Originally announced on April 2 as part of the administration’s “Liberation Day” trade overhaul, the pause was intended to give countries time to negotiate bilateral trade […]

NEWS DESK

Tariff Shockwaves: U.S. Trade Moves Fuel Inflation Risks, Bond Market Volatility : Comments from Century Financial

PR News Desk 07/07/2025

In April, President Trump imposed a 10% baseline tariff on imports from all countries, before suspending them later on for negotiation purposes. The US administration has threatened that, in the absence of new agreements, tariffs would revert to the higher levels by August 1. Letters of notification are being sent to around 100 nations with […]

BREAKING NEWS NEWS DESK

Gold and silver break key levels as copper eyes tariff decision – Saxo Bank

PR News Desk 03/06/2025

In our latest update, we flagged the growing two-way risk to gold, silver, and platinum, each facing stiff resistance levels that threatened to trigger a period of prolonged sideways consolidation. Yet, just days into June, the market narrative swiftly changed: gold and, more notably, silver pierced through key technical barriers, while platinum paused to consolidate […]

NEWS DESK

Gold Slips on Trade Optimism; Oil Rallies on Tariff Relief : Century Financial

PR News Desk 12/05/2025

Gold:Gold closed in the green on Friday, up 0.6%. However, the rally was short-lived as prices stuck to intraday losses through the Asian session on Monday, and the latest optimism over a US-China trade deal undermined demand for traditional safe-haven assets. The US and China will temporarily lower tariffs on each other’s products, according to […]

NEWS DESK

Copper market navigates tariff uncertainty amid tight global supply – Saxo Bank MENA

PR News Desk 08/05/2025

The copper market continues to trade within a wide range, with some of the price action being driven by market participants trying to preempt what tariff level, if any, the US Commerce Department eventually will recommend the Trump administration apply on US imports. Just like steel and aluminium, Trump has threatened to impose a 25% […]

NEWS DESK

Kinaxis Launches Tariff Response Solution to Help Supply Chains Adapt to Disruption with Confidence

PR News Desk 18/04/2025

As ongoing tariff pressures and trade uncertainty continue to reshape global supply chains, Kinaxis® (TSX:KXS), the leader in real-time supply chain orchestration, today launched Kinaxis Tariff Response – a new offering that helps companies simulate tariff exposure, run strategic scenarios, and make data-informed decisions quickly. Built on the

NEWS DESK

Bitcoin steady despite Fed warning; gold surges on inflation, tariff risks : Century Financial

PR News Desk 17/04/2025

Major cryptocurrencies traded mixed on Thursday after US Federal Reserve Chair Jerome Powell warned of the risks of slowing growth and rising inflation due to potential tariffs. Bitcoin rose 0.7% to $84,612, while Ethereum gained 1.6% to $1,600. The global crypto market cap edged up 0.2% to $2.64 trillion. Among altcoins, XRP, Solana, Dogecoin, Cardano, […]

NEWS DESK

Commodities Weekly: Tariff-led recession pain triggers sharp reversal – Saxo Bank MENA

PR News Desk 04/04/2025

This past week, we saw a justified meltdown in risky assets as markets absorbed the blow of Trump’s far larger than expected tariffs on all its major counterparts, sparking threats of retaliation and a broad selloff around the world on concerns that a global trade war on this scale and magnitude will drive an economic […]

NEWS DESK

Gold Pulls Back, Oil Drops, Markets Slide as Tariff Turmoil Grows – Century Financial

PR News Desk 04/04/2025

Gold retreated from its recent peak, impacted by market pessimism stemming from President Trump’s aggressive tariff policy. After reaching a record high of $3,167 per ounce on Thursday, prices declined as the potential global economic repercussions of the tariffs became evident. Nevertheless, gold remains supported by persistent trade volatility, macroeconomic

NEWS DESK

Tariff threat dislocates HG copper from global prices – Saxo Bank MENA

PR News Desk 06/03/2025

Global financial markets remain on an emotional edge amid a constant flow of news from the Trump administration. In commodities, we have seen prices across several raw materials respond differently to the prospect of US import tariffs and retaliatory measures by its main counterparts, including Canada, Mexico, and China. Crude oil trades lower amid fears […]

NEWS DESK

Crude oil weakens amid tariff uncertainty– Saxo Bank MENA

PR News Desk 24/01/2025

WTI and Brent crude oil prices have spent the past week drifting lower following a very strong start to the year that saw prices gain more than USD 10.00 on a combination of an exceptional cold winter temporarily lifting demand for heating fuels and diesel and, not least, the latest rounds of US sanctions on […]