Gold

Focusing on gold investments

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Gold Horse Minerals drilling identifies gold targets

ByVictoria
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Considering we only listed on the ASX in December 2024, it is pleasing that we have already reported multiple targets from our geochemical survey, achieved excellent results at the Hakes Find project and now unveiled some exceptional intercepts at Hopes Hill

As the Phase 1 drill program continues over the next three to four weeks, our aim is to validate the historic drill results, refine our targeting practices to allow for further follow-up resource development and target depth and down-plunge opportunities in the high-grade zones that we are seeing in the current drilling

Source – Trading View

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Goldman Sachs Group Inc raised gold to $3,100

ByVictoria
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Should uncertainty over economic policy persist, including on tariffs, bullion could hit $3,300 an ounce on higher speculative positioning

Rising fears of inflation and fiscal risks “may push central banks — especially those holding large US Treasury reserves — to buy more gold

Source – Bloomberg

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Riversgold secures 80% stake in Kalgoorlie Gold Project

ByVictoria
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Riversgold Ltd has exercised its option to acquire an 80% interest in the Kalgoorlie Gold Project’s Northern Zone in Western Australia after meeting the required A$600,000 minimum exploration expenditure.

Exploration efforts have identified a significant blind porphyry gold system, with widths of up to 600 metres and mineralisation extending beyond 400 metres in depth.

Source – Proactive Investors

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Platinum jewelry steadily recovering

ByVictoria
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The platinum jewellery market decline now appears to have stabilised, with year-on-year growth of 5% estimated for 2024 and 2% year-on-year growth forecast for this year, when total platinum jewellery demand is expected to reach 1.98-million ounces, the organisation points out. 

PGI points out that in most markets, platinum jewellery is 950 parts per thousand, compared with 18 ct gold which is 750. 

Source – Mining Weekly

PGI – Personal guarantee insurance

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Gold and Silver are trying to stabilize after selloff

ByVictoria
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Although gold and silver saw disappointing price action on Friday, experiencing their worst daily loss since mid-December, some analysts note that the damage to the broad rallies has been limited.

The gold market started the week holding initial support around $2,880 an ounce. Spot gold last traded at $2,896.50 an ounce, up 0.50% on the day. Silver is also finding solid support, as it has bounced off its overnight lows just below $32 an ounce. Spot silver last traded at $32.20 an ounce, up 0.20% on the day.

Alex Kuptsikevich, Chief Market Analyst at FxPro, said in a note that gold’s price action has become a little more complicated following Friday’s selloff, as buyers have become more cautious.

Source – KITCO News

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‘Bitcoin Fixes This’—Elon Musk Pitched Gold ‘Upgrade’

ByVictoria
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Now, as Elon Musk brands the U.S. debt clock “terrifying,” bitcoin-backing U.S. senator Cynthia Lummis has pitched Musk a bitcoin “fix” to questions over the U.S. gold reserves.

“Bitcoin fixes this,” Lummis posted to X in response to Musk’s question about how often the U.S. gold in Fort Knox is reviewed. “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”

“The recent decrease in volatility, coupled with the rising price of gold, should highlight bitcoinʼs growing appeal as an alternative store of value,” analysts with the Bitfinex crypto exchange said in emailed comments. “We believe that while bitcoin may face some short-term pressures due to macroeconomic headwinds in the coming weeks, its long-term value proposition continues to strengthen.”

Source – Forbes

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Fort Knox US gold reserves prepares of audit

ByVictoria
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Fort. Knox’s massive reserve has reportedly been valued at $425 billion according to the New York Post, with the rest of the United States’ highly sought-after metal being stored in the Federal Reserve Bank of New York. 

Rand Paul said he has tried to get his eyes on the Ft. Knox gold for 10 years “to make sure it’s all there.”

Source – Fox News

DOGE – Department of Government Efficiency

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Gold prices rise, fears of trade war

ByVictoria
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“Gold is still benefiting from investors looking for safe-haven assets amid concerns of a tariffs and trade war,” UBS analyst Giovanni Staunovo said.

“We continue to see upside for gold, with the yellow metal expected to rise to $3,000, benefiting also from ongoing central bank demand.”

Spot silver rose 0.3% to $32.24 an ounce after hitting its highest level since October 31 on Friday.

Platinum gained 0.1% to $980.43, and palladium climbed 1.9% to $978.25.

Source – Reuters

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Gold-Silver Ratio exceeds 90:1

ByVictoria
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Gold has reached new all-time highs, and the gold-to-silver ratio now exceeds 90:1. Such a high ratio has often signaled an impending breakout for silver prices. It indicates that silver could be undervalued, and we may be on the verge of a major price surge. Sometimes, if you miss a price run-up for gold, you can make up for it by buying silver instead as it catches up to its yellow cousin.

Source – Seeking Alpha / SchiffGold