Commodities
Iron Ore Climbs on PBOC Reserve Cut, US-China Trade Talks
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Copper fell and iron ore pared gains after China delivered long-awaited rate cuts to shield the top metals-consuming nation from the impact of US tariffs.
Industrial metals have been rattled by US President Donald Trump’s aggressive trade policy since he took office in January. Meanwhile, China has been boosting stimulus to support the world’s second-largest economy in the face of the ongoing trade war.