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Gold holds with little change

Spot gold fell 0.1% to $3,030.13 an ounce, as of 09:35 a.m. ET

“There are concerns that tariffs could spark inflation, and there’s a consensus that despite rising prices from U.S. tariffs, the Federal Reserve might start easing policy around mid-year,” said Bart Melek, head of commodity strategies at TD Securities.

“I expect gold to trade roughly where it is now, give or take about $25,” Melek said.

Spot silver dropped 1.2% to $33.61 an ounce, platinum lost 1.6% to $980.90 and palladium fell 0.8% to $959.20

Source – Reuters

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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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    Canadian copper miner drops $20bn arbitration

    First Quantum decision suggests movement to resolve investor dispute with Central American government

    Canada’s First Quantum Minerals on Monday said it was stepping back from a multibillion-dollar arbitration demand against Panama’s government over the closing of one of the world’s largest copper mines.

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    Gold’s going to reach $4,000, says Gundlach

    “Gold continues its bull market that we’ve been talking about really now for a couple of years ever since gold was down to $1,800,” DoubleLine Chief Executive and Chief Investment Officer Jeffrey Gundlach told investors on a call he hosted that was held this week, but before gold futures reached the $3,000 per ounce milestone for the first time.

    “I’d be so bold to say I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured move anticipated by the long consolidation at around $1,800 on gold,” he said.

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    Jeffrey Edward Gundlach – is an American businessman, investor, and philanthropist. He is the founder of DoubleLine Capital an investment firm.

    DoubleLine Capital – American investment management firm. Headquarters in Tampa, Florida.

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    B2Gold moving forward with investment of $10m at the Fekola gold complex in Mali

    The decision follows a settlement with the Malian Government over its 2023 mining code, which has reduced the risk of disruption.

    B2Gold CEO Clive Johnson said: “From a B2Gold perspective, we have seen a reduction in risk since the signing of our settlement agreement.”

    “We have expatriate employees that move in and out of the country regularly, including some of the mine management, so there is no reason to think that any detention would ever be contemplated as it relates to B2Gold,” Johnson added.

    Source – Global Data / Reuters reported

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    Gold, Silver and Platinum move above level

    Gold tests historic highs as the strong rally continues.

    A move above the $2850 level will open the way to the test of the $2900 level.

    In case silver stays above the $32.00 level, it will head towards the next resistance at $32.75 – $33.00.

    In case platinum settles back above the $1000 level, it will move towards the resistance level at $1025 – $1030.

    Source – FXEMPIRE