Copper prices surge to record high amid tariff anxiety [CNN]
Goldman Sachs Group, Inc. (The) (GS)
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Source: CNN
Copper prices in New York hit a record high on Wednesday after Bloomberg reported that President Donald Trump might impose tariffs on copper imports in the coming weeks. Wall Street had expected tariffs on copper to come later this year. The most actively traded copper futures contract in New York hit a record $5.374 per pound Wednesday morning before trading at around $5.24 per pound. Copper prices have soared 30% this year, largely driven by US buyers trying to stockpile the red metal due to anxiety around potential tariffs. Copper prices have outpaced gold, which has gained 16%, and far outpaced the major US stock indexes this year. While tariffs on copper have yet to be announced, Trump signed an executive order last month to in
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- The Goldman Sachs Group, Inc. (NYSE: GS) had its price target lowered by analysts at Wells Fargo & Company from $720.00 to $680.00. They now have an "overweight" rating on the stock.MarketBeat
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