The closely watched final number had not previously been reported but Chairman Maximo Pacheco said earlier this week that 2024 output was “slightly higher” than the 1.325 million tons produced in 2023.
Source – Reuters
Gold prices edged up on Friday, poised for a weekly gain on safe-haven inflows and a U.S. jobs report revealing lower than expected job growth in February, suggesting the Federal Reserve is on track to cut interest rates this year.
Spot gold added 0.3% to $2,918.11 an ounce as of 09:24 (1424 GMT). Bullion has gained over 2% so far this week, as U.S. President Donald Trump’s ever-shifting tariff policies fanned uncertainty.
“Weaker than expected number is giving gold a slight boost… also a weaker dollar for the week right now is helping,” said Bob Haberkorn, senior market strategist at RJO Futures.
Spot silver fell 1% to $32.28 an ounce and platinum shed 0.1% to $965.58, while palladium edged 0.5% up to $946.
Source – Reuters
Gold prices in Lucknow continue to reflect the national upward trend, with 22-karat gold priced at Rs 9,395 per gram and 24-karat (999) gold at Rs 10,248 per gram as of Wednesday. These rates are slightly higher than those in several other major cities, including Chennai, Mumbai, Bengaluru, Hyderabad, and Kolkata, where 22K gold is priced at Rs 9,380 and 24K gold at Rs 10,233 per gram.
Source – ABP-Live
Rs – means Relative Strength and is used in momentum investing and in identifying value stocks.
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
“We have gone through all our shutdowns and proprietary maintenance and all that in the first three quarters. We should be able to produce a stellar fourth quarter based on our numbers,” Misra told Reuters in an interview.
Misra expects zinc prices to rise to $2,850-$2,950 a ton in the coming days from $2,800 currently, and silver to trade between $30 and $31 per ounce.
Source – Reuters
2 reasons. The most important reason is that we think that central bank demand for gold, will structure your main higher.
The second reason is gold is a great hedge against tariff escalation concerns about debt sustainability. Daan Struyven, Goldman Sachs co-head of global commodities research
Source – CNBC / Video
Chilean miner Antofagasta said on Wednesday its copper production rose 11% to 314,900 metric tons in the first half of 2025, on higher production from its two concentrators.
The London-listed company left guidance for full-year copper output unchanged between 660,000 and 700,000 tons.
Source – Reuters
