Metals are rising in price due to the suspension of new tariffs in the USA.

According to a Bloomberg source, during Donald Trump's inauguration, the price of copper increased by 0.9%. Gold also rose after reports that the new US president would not rush to impose aggressive tariffs.

The weakness of the dollar causes the depreciation of metals in other currencies. In particular, premiums for gold and copper on the New York Comex exchange have decreased, affecting metal prices in the USA, which were higher than in other countries due to tariff threats.

Additionally, investors are paying attention to geopolitical issues after Trump concerned several of his traditional allies, including Canada, Mexico, and Europe. This could lead to an increase in the value of gold as a safe asset, but it could also raise the dollar's value, creating obstacles for metal prices.

The spot price of gold rose by 0.2% to $2,708.21 per ounce, while prices for silver and platinum also increased, but palladium decreased. The price of copper closed at $9,275 per metric ton on the London Metal Exchange, and prices for other industrial metals are also rising rapidly.