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Gold prices rise, fears of trade war

ByVictoria

“Gold is still benefiting from investors looking for safe-haven assets amid concerns of a tariffs and trade war,” UBS analyst Giovanni Staunovo said.

“We continue to see upside for gold, with the yellow metal expected to rise to $3,000, benefiting also from ongoing central bank demand.”

Spot silver rose 0.3% to $32.24 an ounce after hitting its highest level since October 31 on Friday.

Platinum gained 0.1% to $980.43, and palladium climbed 1.9% to $978.25.

Source – Reuters

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    Gold falls .4%

    ByVictoria
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    Spot gold lost 0.4% to $3,222.49 an ounce, as of 0852 GMT. Bullion hit a record high of $3,245.42 earlier in the day.

    “Market sentiment has improved a bit this morning after President Trump excluded electronics and smartphones from US tariffs. This has partly caused a dip in gold prices, likely due to profit-taking,” said Zain Vawda, an analyst at MarketPulse by OANDA.

    Spot silver was steady at $32.27 an ounce, while platinum added 1% to $952.10. Palladium gained 2.2% to $935.38.

    Source – Reuters

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    Barrick Gold temporarily suspended from mining in Mali

    ByVictoria
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    News is from 1/14/2025
    This is a follow up on Barrick Gold and it’s current mining situation.

    Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the gold.

    As a result, Barrick has regrettably initiated the temporary suspension of operations while it continues to work towards a resolution.

    Barrick remains committed to constructive engagement with the Malian government and all stakeholders to find an amicable solution that ensures the long-term sustainability of the Loulo-Gounkoto mining complex and its vital contribution to Mali’s economy and communities.

    Source – Barrick

  • Why choose VictoriasCoin?

    ByVictoria
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    Finding the right precious metals dealer shouldn’t be hard.

    THE CHALLENGE:
    When you’re ready to buy silver coins, sell gold jewelry, or get a coin appraisal, where do you turn?

    • Google shows everyone – but who’s actually reputable?
    • Pawn shops are convenient – but do they specialize in precious metals?
    • Big online dealers are impersonal – what about local expertise?

    THE SOLUTION:
    VictoriasCoin is a curated directory of verified gold and silver dealers across the country.

    We connect you with:
    ✓ Established businesses with years of experience
    ✓ Specialists in coins, bullion, jewelry, and appraisals
    ✓ Local dealers you can visit in person
    ✓ Trusted professionals in the precious metals community

    WHAT WE OFFER:

    For Buyers & Sellers:

    • Search by location and specialty
    • Read verified business details
    • Find dealers who specialize in what you need
    • Support local businesses

    For Dealers:

    • Premium visibility to serious customers
    • Dedicated profile highlighting your expertise
    • National exposure for your local business
    • Connect with qualified buyers and sellers

    Whether you’re starting your precious metals journey or adding to your collection, VictoriasCoin helps you find trusted experts.

    Browse the directory!

  • Arkansas Gold & Silver Dealer Page!

    ByVictoria
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    I’m very happy to post a new state page for Victorias Coin – National Gold & Silver Dealer Directory today! Welcome Arkansas!!

    This has been fun to explore and see that there seem to be more gold and silver dealers and coin dealers in the area that are sprouting up. I hope investors in this area find their spot to buy and sell their precious metals.

    Arkansas gold and silver dealers offer comprehensive precious metals services, from bullion trading to rare coin collecting. These experienced businesses can help whether you’re investing in gold, collecting rare coins, or selling inherited silver.

    Find your dealer, make the call, and take the next step in your precious metals investment or collection

    Happy Investing everyone! -V.

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    Silver sees 10-year peak

    ByVictoria
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    “Silver’s been a laggard, and some would refer to it as the Cinderella metal, because it always misses the ball. Having said that, silver has finally woken up and broken above some key technical resistance,” independent analyst Ross Norman said. If current momentum continued, silver could challenge the $35 level, he added.

    “Silver has a long history of higher volatility than gold, and that when gold makes a decisive move, silver’s amplitude is usually 2.0-2.5 times that of gold,” StoneX analyst Rhona O’Connell said in a recent note.

    Source – Reuters

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

    ByVictoria
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    “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.

    Source – Market Watch

    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.