Base Metals Update:

Copper prices in the base metals counter may improve today. Copper prices in London fell last week due to concerns over the impending U.S. tariffs. However, the U.S. government is set to implement “reciprocal tariffs” tomorrow.

Gold prices have reached a new all-time high today, and the gold-to-copper ratio continues to rise, reflecting a strong risk-averse sentiment in the market. Additionally, the market remains cautious about Trump’s announcement of new tariffs. He has already stated that a 25% tariff on imported cars will take effect from April 3.