Lithium Americas kept Thacker Pass spending and completion targets despite tariff pressure, while Antofagasta cut copper guidance and macroeconomic signals lifted gold and palm-oil prices.
Gains of CHF39.9 billion on foreign-currency investments more than absorbed a CHF14.1 billion loss on gold, reversing both the year-earlier deficit and the small loss recorded in the first quarter.
Spot gold fell 1.2% to $4,026.21 as the dollar held near a four-week high and traders priced a 36% chance of an immediate Fed increase and about 80% for September.
