Trade hopes buoy industrial metal, but new supply may crimp longer term outlook.

Citigroup sees demand in China, the top consumer, jumping 2.6% after barely rising in 2019.

With the rising popularity of electric vehicles, newly mined minerals will be needed in even larger scale.

The administration first prepared the sanctions in December, before tensions escalated between the US and Iran.

$124 billion worth of gold futures traded in New York as price plunges 3.7% or $60 an ounce after Trump eases Iran war concerns.