News

  • / /

    Gold dips, Silver up .1%

    ByVictoria
    0 Comments

    Gold prices dipped for a second straight session on Monday as U.S.-China trade tensions eased, and the market awaited data due this week.

    Spot gold was down 0.6% at $3,297.10 an ounce as of 09:27 a.m. ET (1327 GMT). U.S. gold futures rose 0.3% to $3,307.80.

    “The broader gold forecast and price direction remains constructive, even with some of its haven appeal diminishing,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.

    “Until we witness clear patterns of lower highs, lower lows, and firm trade agreements rather than more political bluster from the Trump administration, the prospect of fresh highs for gold cannot be dismissed.”

    Spot silver eased 0.1% to $33.04, platinum gained 1.8% to $988.90 and palladium added 0.8% to $956.35.

    Source – Reuters

  • /

    China gold falls 5.96%

    ByVictoria
    0 Comments

    China’s gold consumption fell 5.96% year-on-year to 290.492 tonnes in the first quarter of 2025 as high gold prices continued to curb demand for gold jewellery, the China Gold Association said on Monday.

    Source – Reuters

  • /

    Copper price up.4%

    ByVictoria
    0 Comments

    Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,418 a metric ton by 1000 GMT, having hit a peak of $9,481.50 in the previous session for its highest since April 3.

    “It’s almost impossible to see what is happening from one day to the next. No doubt the tariff optimism that triggered the risk-on rally early in the week has faded again,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

    U.S. Comex copper futures gained 0.5% to $4.87 a lb, bringing the premium over LME copper to $1,314 a ton.

    Source – Business Recorder

  • / /

    Gold and Silver prove high volatility

    ByVictoria
    0 Comments

    Gold prices have dropped by Rs 3,800 within two days after the US President Donald Trump said he has no plans to fire the US Fed’s chief Jerome Powell and also signalled progress with China on the tariff front.

    The June futures contract for gold closed at Rs 94,722 per 10 grams, down by 2.69 per cent, while the May futures contract for silver closed at Rs 97,799 per kilogram, up by 2 per cent.

    “Gold prices slipped below USD 3,300 per troy ounce levels but there is no change in the long-term fundamentals,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.

    Source – Times Now

  • /

    Silver will get to $35….eventually

    ByVictoria
    0 Comments

    The Thursday session sees a bit of consolidation in the silver market, as we are not trying to digest further gains from the Wednesday session. At this point, the market looks as if it want to go to the $35 level eventually.

    Silver is a metal that I would be a buyer on dips because it is a precious metal. It’s a way to protect wealth, but it’s also an industrial one.

    Source – FX Empire

  • /

    Gold update, up 1.6%

    ByVictoria
    0 Comments

    Gold prices rebounded on Thursday as investors bought bullion following a sharp decline in the previous session, while the focus remains on U.S.-China trade tensions.

    Spot gold was up 1.6% at $3,338.79 an ounce, as of 1140 GMT. Bullion fell as much as 3% on Wednesday in its worst daily performance since late November.

    “Gold’s pullback earlier has cleared some of the froth from its latest surge. That, in turn, attracted some buy-the-dip action amid still-persistent global trade war fears,” said Han Tan, chief market analyst at Exinity Group.

    “Given the still-evident tailwinds for this precious metal, gold bugs could ultimately conquer the $3,500 level with conviction.”

    Spot silver fell 0.3% to $33.44 an ounce, platinum was steady at $972.15 and palladium was down 0.2% at $942.28.

    Source – Reuters

  • /

    Robert Kiyosaki takes to X again

    ByVictoria
    0 Comments

    Taking to his official X account, Kiyosaki called silver “the biggest investment bargain today.”

    Kiyosaki wrote, “GOOD NEWS for people with not much money. I am buying more silver eagles today.”

    “The good news is silver is the biggest investment bargain today.” He added, “Gold has already hit all-time highs. I have plenty of Bitcoin. And silver is still 50% below its all-time high… today about $35.”

    “If a poor person bought a few ounces of gold or silver, or 1/2 of a Bitcoin…. I predict they may become the new rich….once this Depression is over.”

    Source – ET Now

  • /

    Gold and major stocks fluctuate

    ByVictoria
    0 Comments

    Major stock indexes rallied, the dollar gained against the euro and other currencies while safe-haven gold dropped on Wednesday as investors grew optimistic about a possible de-escalation in the trade war between the U.S. and China.

    “There seems to be some light at the end of the tunnel here in terms of the trade war,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

    The euro was last down 0.36% against the dollar at $1.1379. Against the Japanese yen, the dollar strengthened 0.49% to 142.28.

    U.S. Treasury yields declined after the U.S. administration’s signal of a potential respite in the U.S.-China trade war and Trump’s softening stance on Powell.

    Source – Reuters

  • / /

    Gold dips, Silver fell and Platinum up

    ByVictoria
    0 Comments

    Gold prices dipped on Wednesday after U.S. President Donald Trump hinted at lower tariffs for China and said he has no plans to fire Federal Reserve Chair Jerome Powell.

    Spot gold fell 2.1% to $3,310.29 an ounce, as of 0811 GMT, after hitting a record high of $3,500.05 in the previous session.

    Spot silver rose 1% to $32.85 an ounce.

    Platinum was up 0.6% at $964.35 and palladium was steady at $935.48.

    Source – Reuters

  • /

    Silver stays strong

    ByVictoria
    0 Comments

    The silver market has seen a lot of noise at the $33 level, as it is a major resistance level from what I can see. At this point, you need to understand that the silver market is not just a precious metal, but an industrial one.

    Source – FX Empire