Peru’s Energy and Mines Minister Jorge Montero expects mining investment in the world’s third-largest copper producer to reach $4.8 billion this year, and output of the red metal to be 2.8 million metric tons, he said on Tuesday.
Source – Reuters
Spot gold gained 0.8% to $3,340.53 an ounce as of 0300 GMT, after hitting its highest level since May 9.
U.S. gold futures rose 0.9% to $3,341.90.
“Gold’s bullish reversal is supported by a weaker U.S. dollar and lingering stagflation risks in the U.S. economy,” said Kelvin Wong, senior market analyst, Asia Pacific at OANDA.
Spot silver rose 0.5% to $33.54 an ounce, platinum gained 0.1% to $1,077.33 and palladium lost 0.6% to $1,031.46.
Source – Reuters
Physically backed gold exchange-traded funds (ETFs) registered the largest quarterly inflow in three years in January-March, 2025, data from the World Gold Council (WGC) showed on Tuesday.
Investors seeking shelter from political and economic volatility were moving into gold ETFs, which store bullion for investors, in the first quarter.
Gold ETFs saw an inflow of 226.5 metric tons worth $21.1 billion in the first quarter, the largest amount since the first quarter of 2022, when global markets were grappling with the immediate consequences of Russia’s invasion of Ukraine.
Source – Reuters
I am very proud to announce that Victoria’sCoin – National Gold & Silver Dealer Directory is now an approved affiliate of Money Metals Exchange. This is a momentous milestone for me personally, as I have been working hard to secure trusted affiliates that align with the mission of this directory.
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Thank you for being part of this update, and don’t forget to support your local gold and silver dealers. For those who live too far from a shop, investing online is a helpful option and I’m proud to recommend Money Metals Exchange as a trusted resource.
I look forward to partnering with more reputable affiliates in the near future.
Happy Investing!
–V.
New Delhi, Jan 29 (PTI) Silver prices on Wednesday marginally rose Rs 6 to Rs 91,057 per kilogram as participants increased their bets.
Globally, silver was trading 0.14 per cent lower at USD 30.37 per ounce in New York.
Source – Press Trust of India
