Trump to Address Immigration Tonight
President Donald Trump will address the cause of that shut down — a border wall showdown between him and the Democrats that control the House of Representatives tonight from the Oval Office at 9:00 PM ET (02:00 GMT Wednesday) Trump has floated the idea of declaring a national emergency to get funding and use the military to build a wall along the entirety of the U.S. southern border.
Democratic leaders have said they won’t budge on a project that is ineffective and expensive.
A move by Trump to declare a national emergency could bring about legal battles over presidential powers and eminent domain, but could also take away a key stumbling block to passing a budget and reopening the federal government.
Gold futures settled down $4, or 0.3%, at 1285.90 per troy ounce, virtually erasing Monday’s gains. It got to an intraday high of $1,291.95 before the drop. Comex gold scaled a 7-month high of $1,300.35 on Friday and has been trying to get back to that level since.
Spot palladium set an all-time high at $1,328.20, its fourth peak above $1,300 since Friday.
Silver futures fell 0.3% to $15.71.
Copper jumped 0.5% to $2.65 per pound.
U.S. West Texas Intermediate crude settled within striking distance of the key $50 per barrel. In one of its strongest finishes since the start of the year, WTI settled up $1.26, or 2.6%, at $49.78 per barrel after a 2019 high at $$49.45.
Brent, the U.K.-traded global crude benchmark, rose $1.29, or 2.3%, at $58.62, after rallying to $58.84 earlier.