| |

Gold and Silver Rs up

ByVictoria
0 Comments

Gold of 99.5 per cent purity increased Rs 50 to reclaim its all-time high level of Rs 96,000 per 10 grams against the previous close of Rs 95,950 per 10 grams.

Silver prices climbed by Rs 2,500 to Rs 97,500 per kg on the back of fresh industrial demand.

“Gold prices remain steady near all-time highs, buoyed by a weakening dollar and persistent uncertainty surrounding US trade policy,” Chintan Mehta, Chief Executive Officer at Abans Financial Services, said.

Spot silver in the Asian market hours fell marginally at USD 32.32 per ounce

Source – Press Trust of India

Similar Posts

/ /

Over the weekend!

ByVictoria
0 Comments

‘Pivotal Moment’—Coinbase CEO Predicts When Bitcoin Price Could Flip Gold’s $18 Trillion

“Any country with gold reserves should be holding at least 11% of that amount in bitcoin reserves,” Armstrong posted to X in response to criticism of Trump’s plan for a national bitcoin reserve. “And I believe in the next five to 10 years bitcoin’s market cap will likely surpass gold. So these reserves should grow to exceed gold.”

“We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump told CNBC.

Source – Forbes

Korea Zinc’s shares rose sharply

The stock climbed 12% on Friday, its steepest one-day gain in nearly two months, outperforming the benchmark Kospi index’s 0.85% rise.

The extraordinary shareholders’ meeting had initially been called by private-equity firm MBK Partners and Korea Zinc’s major shareholder Young Poong, which have teamed up and increased their combined stake to more than 40% since September for control of the smelter, to reshape its board and management led by Chairman Yun B. Choi.

Source – The Wall Street Journal

/

Copper in London declined after impact of US tariffs

ByVictoria
0 Comments

Copper can sustain current levels around $9 400 a ton until early April, after which the implementation of US tariffs could see prices drop to $8 500 within three months, Citigroup analysts including Tom Mulqueen said in a research note.

Copper fell 0.4% to $9,438.50 a ton on the LME as of 10:14 a.m. in Shanghai, while other base metals were mixed.

Source – Mining Weekly

/

Will gold reserves replace dollar?

ByVictoria
0 Comments

The Reserve Bank of India (RBI) is not increasing the reserves of gold to replace any international currency, Finance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha.

“Gold is also kept in the Reserve Bank and gold is also being bought by the Reserve Bank. But beyond that, as regards an international currency or potential currency, there is not much for me to comment at this stage,” FM Nirmala Sitharman said.

“I think it is very typical of India, particularly for households of small businesses and, it is normally said, women, but general households also, and women also, to invest in gold because they think it’s far more secure and far more liquid” FM Nirmala Sitharaman said.

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” Trump posted on Truth Social after assuming power as the President of the US.

Source – Mint

/

ERO Copper stock rating upgraded at TD Securities

ByVictoria
0 Comments

On Wednesday, TD Securities shifted its stance on ERO Copper Corp (ERO:CN) (OTC: ERRPF), raising the stock rating from Hold to Buy, while adjusting the price target to Cdn$23.00, down from the previous Cdn$26.00. The upgrade reflects a change in sentiment based on the company’s current share price and its future growth prospects.

The analysts at TD Securities anticipate a significant turnaround in free cash flow (FCF) starting in the second quarter of 2025. They project a 95% year-over-year improvement in copper production for the current year, with expectations for continued growth into 2026.

Source – Investing.com

/

Gold hit record high

ByVictoria
0 Comments

Spot gold held steady at $3,047.1 an ounce as of 0700 GMT, after hitting a record high of $3,057.21 earlier in the session.

U.S. gold futures gained 0.4% to $3,054.10.

“For now, gold’s appeal as a safe haven and inflation hedge has further strengthened in light of those geopolitical concerns and tariff uncertainty. We remain constructive on the outlook of gold,” said OCBC forex strategist Christopher Wong.

Spot silver was flat at $33.8 an ounce, platinum fell 0.3% to $989.85. Palladium slipped 1% to $949.50.

Source – Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *