By Dr Jonathan Butler
(lbma.org.uk) - It is said that history does not repeat itself but it sometimes rhymes, and as President Trump took the oath of office for a second time in January 2025, there were many familiar verses from his first term. Tariffs, immigration, a US manufacturing renaissance, development of oil and gas resources and a rejection of the climate change consensus were all straight from the playbook of the 2017-2021 administration. So what is in store for precious metals as we embark upon this new political era?