Materials Decline as Trade-War Fears Resurface - Materials Roundup

Producers of metals and other raw materials ticked down amid renewed trade-war concerns.

Gold futures, which had pulled back since a de-escalation of the U.S.-China trade war, rebounded, rising 2.2% to $3363.60 a troy ounce Friday, and closing within 1.4% of an all-time high.

President Donald Trump warned the European Union he would impose 50% tariffs on all imports from the region to the U.S.

U.S. Steel pared gains after President Donald Trump said the steelmaker would "remain in America," an indication that he may not support a buyout from Japanese rival Nippon Steel.

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(END) Dow Jones Newswires

05-23-25 1743ET