Commodities
Commodities Gauge Slumps by Most Since 2022 on Trump Tariffs
Copper traded on the London Metal Exchange fell as much as 3.8%, the most intraday since early November.
Photographer: Cristobal Olivares/BloombergCommodity prices posted their biggest one-day collective slump in more than two years after President Donald Trump’s tariffs ignited speculation that a slowing global economy will undermine demand for oil, metals and agricultural products.
The Bloomberg Commodity Spot Index, a gauge comprising 22 different raw materials, dropped 2.5% Thursday, the biggest one-day drop since Dec. 5, 2022.