Gold Spot Price
Source – APMEX
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Copper’s early-year rally leaves investors unimpressed
The London Metal Exchange three-month price has risen every day in January and is now up 4.0% from the start of the month, making copper the early outperformer of the LME base metals pack.
Dwindling stocks and China’s rising import appetite have rekindled optimism that the country is finally turning an economic corner.
Fund managers are unconvinced, with investors’ long positions only marginally ahead of bearish bets on both the CME and LME copper contracts.
The Yangshan copper premium , a closely-watched gauge of China’s import demand, is currently at a one-year high of $75 per ton, indicating China is still hungry for metal.
Source – Reuters
Trade policies pushing gold up
Gold prices rallied above $3,100 per ounce for the first time on Monday, on course for its biggest quarterly gain in over 38 years, as global tariffs and geopolitical tensions push investors toward safe-haven bets.
“Trump’s unpredictable trade policy has been the key driver for gold so far in 2025, with prices up by more than 16% year-to-date, extending its momentum from 2024,” ING analysts said.
“We see uncertainty over trade and tariffs, along with central bank buying and inflows into ETF holdings continuing to buoy gold prices.”
Source – Seeking Alpha
Israel’s 77th anniversary AI coins
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
Gold and yen bask in the limelight
A bevy of tariff headlines this week along with geopolitical worries has left investors wary and weary, taking stocks lower in Asian hours, gold to a record peak and the yen to its highest in over two months as sentiment remains fragile.
The risk-off mood meant the yen – already underpinned by rising odds of the Bank of Japan hiking rates again – was the main mover among currencies, hitting its highest level since early December and was last at 150.48 per dollar.
Both Citi and Goldman raised their target price on gold this month, predicting it to breach the $3,000 mark. A large part of the reason behind the bullishness is sustained demand from central banks. Perhaps in these uncertain times, gold is all that shines.
Source – Reuters
Reserve Bank of India becomes more strict on gold loans
India’s central bank plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds as it tries to cool growth in the fast-growing segment, seven people, including industry sources and those aware of the regulator’s thinking, said.
“The RBI wants to ensure that the entities are following a standard protocol and any growth in the gold loan sector is not out of bounds,” one of the sources aware of the central bank’s thinking, said.
Source – Reuters
Silver Price Outlook – Silver Continues to See Resistance
If we can break above $31, then it opens up a much bigger move for silver, and it is worth noting that gold looks like it’s trying to break out, but silver, as you probably know, isn’t gold.