Author: Victoria

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    AngloGold to acquire Augusta Gold in Nevada expansion

    ByVictoria
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    AngloGold Ashanti (NYSE:AU) said Wednesday it agreed to acquire Augusta Gold (OTCQB:AUGG) for C$1.70/share in cash, implying a fully-diluted equity value of ~C$152M (US$111M).

    The price represents a ~28% premium to Augusta Gold’s (OTCQB:AUGG) closing price on the Toronto Stock Exchange on July 15.

    “This acquisition reinforces the value we see in one of North America’s most prolific gold districts,” AngloGold (AU) CEO Alberto Calderon said.

    Source – Seeking Alpha

  • Social Medias I’m apart of!

    ByVictoria
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    Good Morning, Afternoon or Evening everyone!

    I have a couple of social medias that you may or may not like to go and join me on. I am on Flipboard which has been a lot of fun to explore more on my topic of gold and silver. There are many different topics relating to gold and silver that I also touch on in there too so come by!

    I am also on Pinterest with pictures and other little boards that I am interested in. This one is the same with my news posts just with a small picture for the news article. If you like pinterest please come on by and join me.

    I am wanting to do an X account with the short form news. I’m really considering it to get the word out and start conversations with more like minded wonderful people like yourself.

    Talking about these topics will keep you inspired to invest and grow in your personal financial situation. Don’t worry there is never a “too late” moment in investing just remember that starting is just the beginning of a fruitful future.

    -Victoria

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    Copper falls, what about demand?

    ByVictoria
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    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

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    Superman silver Coins are available with subscription

    ByVictoria
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    The subscription option for ordering the first numismatic product in the U.S. Mint’s Comic Art Coin and Medal Program is open.

    The subscription option opened June 12 for just one item among  the first issues in the series depicting DC Comics superhero Superman.

    The Son of Krypton’s powerful debut includes a 1-ounce silver medal struck in .999 fine silver, a 2.5-ounce .999 silver medal, and a half-ounce .9999 fine gold $50 coin.

    Only the 1-ounce silver medal is available via subscription, priced at $135. Subscription orders are limited to five medals per household for the first 24 hours, and this order limit is subject to change.

    The Superman products will begin shipping in the fall.

    Source – Coin World

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    Gold is struggling maybe not for long

    ByVictoria
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    Gold prices struggle to hold onto gains after key U.S. data showed inflation picked up in June as expected, potentially signaling companies are starting to pass on tariff costs to consumers. Futures are down 0.1% at $3,357.50 a troy ounce following a 0.5% rise earlier in the session.

    Source – The Wall Street Journal

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    Silver reached a new record high

    ByVictoria
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    New Delhi, Jul 14 (PTI) Silver prices skyrocketed Rs 5,000 to hit a fresh peak of Rs 1,15,000 per kg in the national capital on Monday as investors rushed to safe-haven assets following weakness in the US Dollar amid uncertainties over US tariff threats.

    “Silver prices are surging, reaching a new record high in the domestic market and hitting the highest level in almost 14 years in the international market. This rally is driven by a change in investor interest toward alternatives to gold,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

    Source – Press Trust of India

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    Gold in demand, up .1%

    ByVictoria
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    Gold prices touched a three-week high on Monday, supported by demand for safe-haven bullion after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.

    Spot gold was up 0.1% at $3,359.69 per ounce, as of 0637 GMT, after hitting its highest point since June 23 earlier in the session. U.S. gold futures rose 0.3% to $3,373.30.

    “We are seeing safe-haven demand coming back into the picture due to this uncertainty on the implementation of U.S. global trade tariffs policy,” OANDA senior market analyst Kelvin Wong said.

    “Near-term outlook looks positive for gold and if gold prices are able to have a daily close above $3,360, it could potentially advance higher towards the next resistance level at $3,435.”

    Spot silver gained 1.5% to $38.93 per ounce, platinum fell 1% to $1,384.81 and palladium fell 0.7% to $1,208.15.

    Source – Reuters

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    2 new gold ETFs launched

    ByVictoria
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    New Delhi, Jul 10 (PTI) Gold Exchange Traded Fund (ETF) attracted a net sum of Rs 2,081 crore in June, making it the highest monthly inflow in five months, driven by resilient prices of the yellow metal, geopolitical uncertainties and volatility in equity markets.

    “The robust inflows in June indicate a decisive shift in sentiment, likely supported by resilient gold prices, geopolitical uncertainties, and volatility in equity and fixed income markets, which have revived gold’s appeal as a safe-haven asset,” Nehal Meshram, Senior Analyst-Manager Research, Morningstar Investment Research India, said.

    In June, two new Gold ETFs were launched, collectively mobilising Rs 41 crore.

    “While the fund mobilisation through new launches remained modest, it adds to the broader recovery in flows and reflects steady investor interest in the asset class,” Meshram said.

    Source – rediff

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    Copper hit with new tariff tax

    ByVictoria
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    President Donald Trump said he will put a 50% tariff on copper imports effective Aug. 1.

    “I am announcing a 50% tariff on copper, effective Aug. 1, 2025, after receiving a robust national security assessment,” Trump posted to his Truth Social account Wednesday evening.

    Copper prices rose 2.62% after Trump’s comments, then extended its gains before leaping 13.12% upwards and hitting its best one-day gain since 1989.

    Source – UPI News

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    Gold up .5%, Silver up .7%

    ByVictoria
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    Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of U.S. interest rate cuts later in the year, while investors awaited more details on U.S. President Donald Trump’s trade policy.

    Spot gold was up 0.5% to $3,328.23 per ounce by 0916 GMT. U.S. gold futures gained 0.5% to $3,336.90.

    “The passing of the One Big Beautiful Bill, unsettling trade (policies) and rate-cut expectations should be ‘dollar negative’ kind of events… gold should be favoured in that environment,” said WisdomTree commodities strategist Nitesh Shah

    Spot silver rose 0.7% to $36.59 per ounce, platinum gained 0.9% to $1,359.65, and palladium climbed 1.2% to $1,117.93.

    Source – Reuters