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China urges US to stop potential tariffs on copper

ByVictoria

China urged the United States on Thursday to halt an investigation into potential new tariffs on copper imports to rebuild U.S. production of the critical metal, vowing to retaliate if Chinese entities got caught up in the levies.

“We urge the U.S. side to withdraw its investigation as soon as possible,” He said.

“If the U.S. insists on imposing tariffs and other restrictive measures, China will resolutely take the required steps to safeguard its legitimate rights and interests,” He said, without giving any further details.

Source – Reuters

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    Singapore being used by the “ultra-wealthy”

    ByVictoria
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    The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination.

    Not far from the city-state’s airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.

    “A lot of very high net worth clients are looking at tariffs, looking at the world changing, looking at the potential of geopolitical instabilities,” Gregersen told CNBC. 

    “The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” he said, adding that 90% of the new orders are coming from outside of Singapore.

    Source – CNBC

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    Silver prices in India gained .21%

    ByVictoria
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    Silver prices in India ended the week higher, closing at ₹1,01,522 per kg on Friday, March 28, 2025. The metal gained ₹209 (0.21%) on the Multi Commodity Exchange (MCX) for May delivery, with a turnover of 22,870 lots.

    Silver remains one of the top-performing assets of FY25, delivering a 35.56% return, surpassing gold (+31.37%), Nifty (+5.29%), and Sensex (+4.96%).

    Max Layton, Global Head of Commodities at Citi, expects silver to trade between $34-$35 per ounce over the next 3-6 months.

    Source – CNBC TV18

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    Gold and Silver prove high volatility

    ByVictoria
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    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

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    Gold down 1.2%

    ByVictoria
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    Spot gold was down 1.2% at $2,882.49 an ounce as of 09:42 a.m. ET (1442 GMT), after hitting its lowest level since February 12 earlier in the session. Prices hit a record high of $2,956.15 on Monday, driven by safe-haven flows.

    “The direction of gold is very evident, and these short-term bumps and some profit taking is just a normal part of the cycle,” said Alex Ebkarian, chief operating officer at Allegiance Gold.

    Spot silver retreated 0.5% to $31.67 an ounce, platinum fell 0.9% to $957.10 and palladium dropped 0.9% to $917.96.

    Source – Reuters

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    $13 billion in Idaho gold. A mineral critical to U.S. defense.

    ByVictoria
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    “We’ve interdeveloped or interwoven cleanup of these legacy impacts with modern, responsible mining activity,” Mckinsey Lyon, spokesperson for Perpetua Resources, told the Idaho Statesman. “And we’ve done that because we’re so serious about our commitment that we can leave this place better.”

    “Perpetua has a really glamorous vision for what the site is going to look like afterwards, and I hope that’s successful,” John Robison, public lands and wildlife director with the Idaho Conservation League, told the Statesman. “I don’t see that from the mine plan.”

    “This approval elevates the Stibnite Gold Project to an elite class of projects in America that have cleared NEPA,” Jon Cherry, Perpetua’s president and CEO, said in a statement. “The Stibnite Gold Project can deliver decisive wins for our communities, the environment, the economy, and (U.S.) national security.”

    Source – Idaho Statesman