Metal Markets Swing as Waning Trump Euphoria Stalls Copper Rally
- Gold’s historical volatility is at highest level since August
- Silver futures drop 7.2 percent, biggest decline since January
Copper Set for Best Week Ever
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Copper surrendered its biggest gain in seven years and gold, silver and mining stocks tumbled as investors reassess the consequences of Donald Trump’s stimulus plans.
Trump’s election victory this week ignited a frenzy of buying in industrial metals. But on Friday, traders switched course as an equities rally stalled and the dollar gained amid speculation over how his policies will affect the economy and monetary policy.