Copper, Silver, Gold: How Metals Reacted to New Tariff News, FOMC Decision

David McAlvany looks at the commodity market’s reactions to new tariff pressures and the FOMC decision. Copper is giving back a lot of gains because of the “list of exclusions” on the metal’s tariffs, David explains. He also sees a short-term “period of weakness” for gold, citing a stronger U.S. dollar. For silver, he notes a price breakout a few weeks ago and says he would expect consolidation.

Market On Close

30 Jul 2025

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