Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The president’s announcement calmed investor fears after a U.S. Customs ruling put 1-kg and 100-oz bars in a tariff category, sending futures to record highs.
Refining rare earths is an even bigger challenge, as their processing creates pollution and poses significant health risks to the public, one expert said.
Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The president’s announcement calmed investor fears after a U.S. Customs ruling put 1-kg and 100-oz bars in a tariff category, sending futures to record highs.
Refining rare earths is an even bigger challenge, as their processing creates pollution and poses significant health risks to the public, one expert said.