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Australian gold reinvigorated

ByVictoria

Australia has not escaped the threat of increased tariffs on its exports to the U.S., but it does have one world-class industry which is reveling in commodity market confusion, gold.

Both Citi and RBC Capital Markets see the gold price continuing to rise while the Resources Department of the Australian Government is forecasting an increase in national output from 286 tons this year to 309 tons next year, cementing Australia’s position as the world’s third biggest gold producer after Russia and China.

Gold’s rise in U.S. dollars is magnified in Australia by the currency effect with an exchange current rate of US63 cents delivering an Australian gold price of A$4903/oz, a record which easily eclipses all earlier gold booms.

Source – Forbes

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    HAPPY NATIONAL COIN WEEK!

    ByVictoria
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    Hey Numismatics!

    I’m sure that you’re looking for coins in honor of National Coin Week and you’re getting rare coins on eBay, Whatnot, Instagram or whatever you online buying you can find. Well, here you can find reputable coin and bullion dealers to buy in person and skip the shipping costs to get your coins.

    If you’re looking for rare coins and are in the Chicago area, check out Harlan J. Berk. They have more than 50 years of expertise in the precious metals space. They have a dedicated space to do more research on pieces and even help you enhance your portfolio.

    Coins are a specialty at Arizona Coins & Collectibles in Tucson, AZ ranging from ancient to modern. You will see coins on the walls and over 45 years of experience. If you’re not in the area, they have an online eBay store you can visit.

    At Bullion & Coin Exchange in Mesa, AZ they are recommended by the U.S Mint. If you’re looking for coins they’ve got you covered and have 39 years of experience to show for it.

    If you’re close to Pittsfield, MA then Pittsfield Precious Metals is the place to be for gold, silver, and you guessed it COINS! They offer a variety of collectibles and professional coin grading services.

    • American Eagles
    • Silver Rounds
    • Maple Leafs
    • Ancient Coins
    • Modern Coins

    These are what you can find at these local gold and silver dealers and coins dealers. See their listings and visit their sites. You won’t be disappointed at any of these locations. Their combined experience and expertise will give you comfort knowing you are investing with the right people.

    Happy Coin Hunting friends! Good luck!

  • US oil to China might not continue

    ByVictoria
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    Oil flows from the United States to China in the early months of this year have reportedly added up to roughly 1% of the country’s imports, amid growing tariffs and trade risks.

    “With China imposing 84% tariffs on goods from the US, the cost of US crude would be almost double — $51 a barrel more expensive, based on $61 WTI,” Ivan Mathews, head of APAC analysis for Vortexa told Bloomberg. “This makes running US crude uneconomical for Chinese refiners.”

    US crude imports to China will “likely dwindle to zero in the coming months if the current tariff levels stay,” he added.

    Source – Seeking Alpha

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    Aya Gold & Silver Announces January 2025 Fourth Quarter Production Results

    ByVictoria
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    “I am pleased to announce Q4-2024 and January 2025 production results, achieving 2024 production guidance and highlighting a significant step-change in output and an 77% month-over-month increase from December 2024 to January 2025. This strong performance is driven by improving recoveries and the successful ramp-up of the new Zgounder plant, which is operating above nameplate capacity, alongside the open pit, which continues to exceed expectations,” stated President & CEO Benoit La Salle. “Month-over-month improvements across the integrated operations at Zgounder reflect disciplined execution and operational strength, positioning us for sustained production growth and record profitability in 2025.”

    Source – Globe Newswire / Yahoo Finance

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    Gold reaches Rs 83,000 per 10 grams for the first time

    ByVictoria
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    “Gold extended gains on Friday, with spot gold in the domestic market hitting fresh all-time highs,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.

    “Prices in MCX are near record high as Trump trade policies and tariff plans created an uncertain environment in the market, which may boost safe-haven demand,” Deveya Gaglani, Research Analyst-Commodities, Axis Securities, said.

    Comex silver futures also increased 1.53 per cent to USD 31.32 per ounce in the Asian market hours.

    Source – Press Trust of India

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    Perth Mint’s gold and silver rise

    ByVictoria
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    Sales of gold coins and minted bars rose to 25,103 ounces in February, up 35% from January. On a year-on-year basis, they were down 47%.

    Silver product sales increased to 482,451 ounces in February.

    “It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs,” said Neil Vance, Perth Mint’s general manager of minted products.

    Source – Reuters