U.S. Steel (X) shares gained ground Monday after President Trump on Sunday flagged new tariffs on all steel and aluminum ... Steel’s chart and use technical analysis to identify price levels ...

Gold prices have rallied to fresh highs as trade tensions have escalated, pushing nearer to the $3,000 per ounce mark.

Commodity prices climbed and related currencies softened against the dollar on Monday after President Donald Trump said he would impose 25% tariffs on all steel and aluminum entering the US.

AUSTIN (Nexstar) — In response to President Donald Trump saying he plans to put a 25% tariff on steel and aluminum products ... goal of a tariff is to raise prices to help consumer domestic ...

Analysts at Citi crunched the numbers on what a 25% tariff on steel and aluminum imports would mean ... would add about $150 per ton to the import price of steel and put hot rolled steel prices ...

The move: Shares of US Steel jumped as much as 6% on Monday to trade at $39.18. The chart: Why: The move came after President Donald Trump told reporters on Air Force One on Sunday that he planned ...

Meanwhile, copper is the leading base metal, and its price rallied in 2025. The daily chart illustrates copper’s 17.2% rise from $4.0050 on January 2, 2025, to $4.6945 per pound on February 10.

Canada is also a major supplier of aluminum to the United States, followed distantly by the United Arab Emirates, Russia and China. Mr. Trump’s decision to impose tariffs on metals is not new.

Gold historically has performed poorly when tariffs are high, and vice versa. It’s an important counter to the increasingly widespread narrative that higher tariffs are bullish for gold.