BoE Governor Andrew Bailey warned that rising geopolitical tensions pose risks to financial stability and growth as the central bank cautiously continues gradual rate cuts with inflation still above target.

Trump threatens sweeping tariffs on European allies over Greenland, rattling markets and lifting gold and silver, though analysts expect limited impact due to legal challenges.

Copper prices slipped after Trump’s Section 232 update eased near-term tariff fears, while stronger jobless claims data supported the dollar and reduced expectations for Fed rate cuts.

Metals slid as dollar strength, China’s clampdown on high-frequency trading, and hawkish Fed signals pressured prices, offsetting strong industrial demand and keeping markets cautious globally.

Copper prices slipped after Trump’s Section 232 update eased near-term tariff fears, while stronger jobless claims data supported the dollar and reduced expectations for Fed rate cuts.