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Federal Judge pause Arizona Copper Line transfer

ByVictoria

Attorneys representing the San Carlos Apache Tribe are asking the judge to grant an injunction pausing a land swap from the U.S. government to Resolution Copper

During the hearing, attorneys representing the tribe asked a federal judge to grant a temporary injunction pausing an upcoming land swap from the U.S. government to mining giant Resolution Copper.

Attorneys for the tribe argued May 7 that a pause is necessary as the Supreme Court considers whether to take up the case.

Source – ABC 15 Arizona

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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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    Gold update, up 1.6%

    ByVictoria
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    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

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    Largest inflow for gold EFTs

    ByVictoria
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    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

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    HSBC on gold prices

    ByVictoria
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    HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt.

    “We anticipate a wide and volatile trading range of $3,600-3,100/oz for the rest of the year and year-end prices of $3,175/oz for 2025 and $3,025/oz for 2026,” the bank said in a note on Tuesday.

    Source – Reuters

    HSBC – is a British universal bank and financial services group headquartered in London, England.

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    2025-S American Women Quarters Proof set on sale late February

    ByVictoria
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    Quarter dollars in the set are produced at the San Francisco Mint and will feature reverse designs recognizing, in order of release, Ida B. Wells, a founder of the National Association for the Advancement of Colored People; Juliette Gordon Low, founder of the Girl Scouts of the United States of America; Dr. Vera Rubin, trailblazing astronomer; Stacey Park Milbern, disabilities rights advocate; and Althea Gibson, accomplished amateur tennis player and professional golfer.

    The clad composition comprises outer layers of an alloy of 75% copper and 25% nickel bonded to a core of pure copper.

    Source – Coin World