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Gold prices and futures up

ByVictoria

As economic uncertainty deepens worldwide, gold prices have notched more and more record highs.

The going price for New York spot gold hit a record $3,424.24 per troy ounce — the standard for measuring precious metals — as of close Monday. That’s about $1,097 higher than a year ago.

The price of spot gold is up more than 30% since the start of 2025, per the data firm FactSet. By contrast, the stock market has tumbled. The benchmark S&P 500 is down over 12% this year.

Gold futures also reached a record early Tuesday, briefly surpassing the $3,500 mark for the first time before falling closer to $3,444 by mid-morning.

Source – The Associated Press

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    The subscription option for ordering the first numismatic product in the U.S. Mint’s Comic Art Coin and Medal Program is open.

    The subscription option opened June 12 for just one item among  the first issues in the series depicting DC Comics superhero Superman.

    The Son of Krypton’s powerful debut includes a 1-ounce silver medal struck in .999 fine silver, a 2.5-ounce .999 silver medal, and a half-ounce .9999 fine gold $50 coin.

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    Silver jewelry demand increasing

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    Industrial silver demand set a record last year, but despite the increase in offtake, overall silver offtake declined by 3 percent to 1.16 billion ounces, primarily due to weak investment demand.

    Silver jewelry demand grew by 3 percent to 208.7 million ounces in 2024.

    The Silver Institute reported that improving exports to key Western countries also lifted silver jewelry demand.

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    Central banks are expected to help keep gold’s stunning rally going this year with buying aimed at further diversifying reserves away from the dollar due to risks stemming from U.S. President Donald Trump’s policies.

    Spot gold hit its latest record at $3,167.57 a troy ounce on Thursday for a gain of 19% since the start of 2025 and a hefty 71% rise since the end of 2022.

    “Emerging market central banks currently hold around 10% of their assets in gold. They should really hold 30% of their assets in gold,” said BofA commodity strategist Michael Widmer.

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    Analysts poll on gold and silver

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    Analysts in a quarterly Reuters poll have forecast an average annual gold price above $3,000 for the first time, with global trade friction and a swing away from the U.S. dollar powering demand.

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    Robert Kiyosaki predicts colossal market crash

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    Barrick Mining maybe under provisional administration

    ByVictoria
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    A Malian court has adjourned to Thursday a hearing on whether to put Barrick Mining’s Loulo-Gounkoto gold complex under provisional administration, the court’s registry office and one of the lawyers involved told Reuters on Monday.

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    Source – Reuters