Shares in Nvidia rose nearly 5% in after-hours trading on Wednesday after the company posted first-quarter earnings that beat market expectations, despite a substantial revenue loss stemming from tightened US export restrictions on chip sales to China. For the fiscal first quarter of 2026, Nvidia reported total revenue of $44.1 billion (£34.8 billion), up 69%
Moreover, Mali, a major gold producer, has halted permits for small-scale mining for foreign nationals. This decision could tighten supply, adding pressure to prices. Meanwhile, copper surged over 5% as Trump hinted at a potential 25% tariff on imports. With reciprocal tariffs and global economic uncertainty, gold remains a key asset for investors hedging against
Market participants will closely monitor upcoming economic data and policy signals. In particular, the release of US home sales data may influence short-term price action. Furthermore, Trump’s executive order directing a probe into copper markets adds further uncertainty, potentially affecting broader commodity prices. Moreover, with persistent inflation concerns and ongoing trade tensions, gold remains highly