Palladium slightly increased on 10/4, while all other metals slightly decreased.
The US territory of Puerto Rico has been struggling with a financial crisis for years, carrying a debt burden of $73 billion. In May, PR filed for the biggest US municipal bankruptcy in history. Hurricane Maria slammed into the island two weeks ago, causing widespread destruction and leaving millions without clean drinking water or power. Trump visited PR this week and told a Fox News correspondent that “we will have to wipe [their debt] out” and that “we have to look at their whole debt structure.” It was unclear whether Trump was talking about a potential government bailout or a restructuring of their debt that could possibly impose losses on investors. White House officials did not immediately respond or further explain Trump’s comments.