汇丰：金属 2025 年第二季度季报_一切都 “关税重重”

Metals Quarterly Q2 2025 Everything's "tariffic" Muddled outlook: Over the first several months of the year, the market has witnessed a range of views about metal prices – from optimism to pessimism to, perhaps, a new normal. One thing appears clear, however: uncertainty reigns. Tariffs have certainly taken center stage, and their potential impact will certainly play an important role in future policy actions, including change in direction of monetary policy. To stay on track for meeting its c5% GDP growth ...