Copper Rises Toward $13,000 as Dollar Dips on Greenland Tariffs

Copper resumed gains as the dollar weakened on President Donald Trump’s threats to impose tariffs over Greenland, and China’s economic growth met the government target.

Trump said he would slap tariffs on eight European nations — including Germany and the UK — that oppose his plan to acquire Greenland. The levies sent precious metals soaring as investors sought havens, and some of that appeared to spill over into base metals, despite the fact that a US-Europe trade war would likely be negative for industrial demand.