|

$3,000/oz milestone in sight for Gold

ByVictoria

U.S. President Donald Trump’s latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3,000 milestone into view.

Spot gold climbed to a record $2,911.30 a troy ounce on Monday – its seventh record peak to date in 2025. Prices are already up nearly 11% so far this year after a staggering 27% gain in 2024.

“Gold is very clearly targeting the $3,000 level and the market is incredibly strong, almost relentless. Now its only a question of when it will scale the level and not if it will,” independent analyst Ross Norman said.

Source – Reuters

More Info!

Scaling to level – In finance, is the ability of an organization to perform well under and increasing or expanding workload.

Similar Posts

  • Hello Georgia!

    ByVictoria
    0 Comments

    The beautiful state of Georgia has been completed with precious metals dealers from gold & silver to coin dealers. Lots of businesses ready to buy and sell bullion especially in the Atlanta area of the state.

    Check out the curated list of businesses ready for you to come on by and add to your personal stack or just make some extra cash.

    Visit the Georgia page and find your closest gold and silver dealer. If there are any honorable mentions you would like to see in the listing please send me an email or comment the business we should add to the listings.

    HAPPY INVESTING
    -V.

  • /

    Gold Miners Trapped in Congo Landslide

    ByVictoria
    0 Comments

    A landslide at an informal gold mine in the Democratic Republic of Congo where thousands of people were working has left an unknown number of people trapped underground since Sunday.

    Twelve people have been rescued, Mr. Rubabura said, adding that the number of missing would be released only once the search was over.

    The Lomera site is an artisanal mine, meaning it is not operated by a mining company with professional equipment but by workers who use basic tools to extract ore, often in dangerous conditions.

    On Tuesday, M23 members walked around the site issuing instructions to those who remained, telling them not to film or speak to journalists. There was no sign that a serious search for survivors was underway.

    Source – New York Times

  • /

    Copper falls, what about demand?

    ByVictoria
    0 Comments

    Copper prices have been on a stellar run, boosted by President Donald Trump’s proposed tariffs. But Wall Street sees headwinds for the metal, with two miners catching downgrades.

    Freeport stock lost 3.2%, closing at $44.12, while the S&P 500 and Dow Jones Industrial Average dropped 0.4% and 1%, respectively.

    Southern Copper shares fell 2.4% to $97.54.

    As for demand, Citi analyst Tom Mulqueen noted in a Tuesday report that tariffs and policy changes will be a headwind in the second half of 2025.

    “We also see sustained sluggish manufacturing activity and solar frontloading weighing on copper end-use consumption in the months ahead,” wrote Mulqueen.

    Source – Barron’s

  • /

    President Trump said he will impose tariffs on aluminum and copper

    ByVictoria
    0 Comments

    “We have to bring production back to our country,” he said.

    “In the US, manufacturers will have little choice but to pass on higher costs from imports to consumers until the downstream industry (refining/smelting) has undergone suitable investment,” said Natalie Scott-Gray, senior metals analyst at StoneX.

    “If Trump imposes tariffs, it will have an adverse impact particularly on aluminum because Europe is already on path to impose a carbon tax and the UK might do it too,” said B.K. Bhatia, additional secretary general at the Federation of Indian Mineral Industries.

    Source – Mining.com

  • / /

    Royal Gold aquired Sanstorm Gold

    ByVictoria
    0 Comments

    Sandstorm Gold (NYSE:SAND) +9.5% pre-market Monday after saying Royal Gold (NASDAQ:RGLD) agreed to acquire the company in an all-stock transaction with an implied value of ~$3.5B.

    Under the deal terms, Sandstorm (NYSE:SAND) shareholders will receive 0.0625 of a share of Royal Gold (NASDAQ:RGLD) common stock for each Sandstorm share held, a 17% premium to Sandstorm’s closing price on July 3; upon closing, existing Royal Gold and Sandstorm shareholders will own ~77% and 23%, of Royal Gold’s issued and outstanding shares on a fully diluted basis.

    Source – Seeking Alpha