Juicing gold's rally is unrelenting Chinese demand, as retail shoppers, fund investors, futures traders and even the central bank look to bullion as a store of value in uncertain times.
A double digit runup in copper just in April lifts the orange metal to within sight of $10,000/tonne as warnings prices are running ahead of fundamentals emerge.
The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.