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Gold prices rise higher, tariff concerns

ByVictoria

Gold prices ticked higher on Tuesday as focus turned to U.S. jobs and inflation data, that could influence the Federal Reserve’s policy decision in the face of rising economic growth concerns. 

Spot gold (XAUUSD:CUR) +0.93% to $2,911.21 an ounce after hitting its lowest since March 3 in the previous session.

Meanwhile, worries over Trump’s tariff policies have also pushed safe-haven gold to a record high of $2,956.15 on February 24, as the metal is seen as a hedge against political risks and inflation.

Source – Seeking Alpha

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    South African rand raises

    ByVictoria
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    The South African rand strengthened on Tuesday, helped by the gold price extending its historic run to a new all-time peak.

    At 0814 GMT, the rand traded at 18.0175 against the dollar , about 0.4% stronger than its previous close.

    “At some point a gold price that continues to rise will excite local miners to make a greater effort to mine difficult-to-reach gold deposits. What may not have looked viable several years ago must be looking interesting now,” said ETM Analytics in a research note.

    Source – Reuters

    South African rand – is the official currency of South Africa. 1 South African Rand is $0.055 USD.

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    Silver falls but stays the same

    ByVictoria
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    The silver market has been somewhat sideways over the last few weeks, but the Wednesday session could provide enough information to get people moving again.

    Silver fell in the early hours of Wednesday as we have tested the crucial $33 level again. This is an area that of course has been like a magnet for price for some time.

    Talks between the United States and China are seemingly a thing now, and that, of course, will help the idea of industrial demand for silver, but it takes away that precious metal trade as well.

    Source – FX Empire

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    Israel’s 77th anniversary AI coins

    ByVictoria
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    In tribute to these technological advances and in recognition of Israel’s 77th anniversary, Israel Coins & Medals Corp. has commissioned the Holy Land Mint for special coins. These issues are recognized by the Bank of Israel as legal tender.

    Obverse features include the Israel State Emblem, “Israel” in English, Hebrew and Arabic, “Independence Day 2025” in English and Hebrew, face value and Mint mark. To the right, circular and linear shapes symbolize Artificial Intelligence.

    Three different denominations are being produced, each with the similar designs. The Prooflike 1-New-Israel-Shekel piece is 30 millimeters in diameter and composed of .925 fine silver, weighing 14.4 grams. Its  maximum issue size is 1,800 pieces.

    Source – Coin World

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    Gold is pulling back, prices drop

    ByVictoria
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    Gold prices dropped more than 1% on Friday as markets digested the latest tariff developments, while a softer inflation report in the US kept hopes for a rate cut alive.

    Spot gold fell back below $3,300 an ounce during the morning session, trading at $3,281.24 for an intraday gain of 1.1% by 10:45 a.m. ET. US gold futures also fell 1.1% to $3,307.40 an ounce in New York.

    “Gold, at this point in time, is pulling back off these recent highs and is in a consolidation period,” said David Meger, director of metals trading at High Ridge Futures

    “Gold is under slight pressure as we’re seeing a little lesser need for safe haven, but it does look like there is going to be significant pushback from Trump and that will eventually help prices.”

    Source – Mining.com