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Gold set for seventh weekly gain

Gold prices rose on Friday and were on track for a seventh consecutive weekly gain as worries over a potential global trade war intensified after U.S. President Donald Trump’s push for reciprocal tariffs.

Spot gold was up 0.3% at $2,936.99 an ounce by 1104 GMT, taking its weekly advance to 2.6%. Bullion hit a record peak of $2,942.70 on Tuesday.

U.S. gold futures rose 0.6% to $2,961.30.

In other precious metals, spot silver gained nearly 3% to $33.30 an ounce and platinum added 1% to $1,004.57 while palladium dipped by 0.2% to $992.00.

Source – Reuters

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    Gold eases, Investors wait for US inflation data

    Gold eased on Wednesday as the dollar ticked up, while investors awaited U.S. inflation data to gauge the Federal Reserve’s rate cut path amid trade tensions and economic slowdown fears and market focussed on news of a potential Ukraine-Russia ceasefire.

    Spot gold fell 0.2% to $2,908.93 an ounce as of 0720 GMT, while U.S. gold futures lost 0.2% to $2,908.93.

    “Gold is operating in ‘consolidation mode’ ahead of the next batch of U.S. inflation data,” KCM Trade chief market analyst Tim Waterer said.

    “I expect gold to remain a favoured asset whilst investors are concerned about tariff wars and growth slowdowns. So, the bias for gold remains to the upside due to ongoing tariff dramas,” Waterer said.

    Spot silver shed 0.7% to $32.70 an ounce, platinum rose 0.7% to $981.29 and palladium slipped 0.8% to $938.00.

    Source – Reuters

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    Federal Judge pause Arizona Copper Line transfer

    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.

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    Everything about buying gold at Costco

    Costco offers members an opportunity to purchase one-ounce gold bars in the store, online or via their app. The retailer offers gold bullion bars, 1-ounce bars and coins in different designs. As of February 2025, Costco offers the following gold products:

    • 1 oz. gold bar PAMP Suisse Lady Fortuna Veriscan
    • 1 oz. gold bar Rand Refinery (online only)
    • 2025 1 oz. American Buffalo gold coin
    • 1 oz. gold bar PAMP / Newmont Lady of Liberty (online only)
    • 100-gram gold bar Rand Refinery

    Costco’s selection comes from authorized dealers and reputable mints. However, as Costco members are accustomed to, offerings and availability may change.

    Costco marks up its cost for gold by roughly 2%. Markup is common practice among gold dealers and retailers, and 2% is on the low end of industry standards.

    Source – CBS News

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    Central Banks keep gold rally

    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.

    “From the central banking perspective (uncertainty) means less incentive to add Treasuries into portfolios and more incentive to actually de-dollarise it,” he said.

    Source – Reuters

  • How to maximize Gold and Silver Investments

    I’ve been fascinated by investment strategies recently, and precious metals have always held a special place in my heart and financial toolkit. Gold and silver aren’t just shiny objects – they’re powerful financial instruments that can transform your investment approach when used strategically.

    Imagine having a financial safety net that not only protects your wealth but potentially grows it during economic uncertainties. That’s exactly what a well-crafted gold and silver investment strategy can do. In this guide, I’ll go over some techniques to maximize your precious metal investments.

    Understanding the Precious Metals Landscape

    Precious metals are more than just alternative investments – they’re economic chameleons that adapt to global financial conditions. Gold and silver have been trusted stores of value for thousands of years, but their modern investment potential is more complex and exciting than ever.

    Many people today are looking at more stability for their investments in case something happens in the digital world that will be hard to recover from. Precious metals is what people are looking for.

    Historical performance tells a fascinating story. During economic downturns, these metals often shine brightest. For instance, during the 2008 financial crisis, gold prices surged by over 200%, while silver demonstrated remarkable resilience. This isn’t coincidence – it’s a testament to their intrinsic value and economic significance.

    Key factors influencing metal prices include:

    • Global economic stability
    • Inflation rates
    • Currency fluctuations
    • Geopolitical tensions
    • Industrial demand
    • Central bank policies

    Diversification Strategies for Precious Metal Portfolios

    Successful investing is about balance, and precious metals are no exception. Think of your investment portfolio like a well-designed recipe – each ingredient plays a crucial role.

    Optimal allocation typically ranges from 5-10% of your total investment portfolio. This sweet spot provides protection without overexposure. Here’s a breakdown of potential allocation strategies:

    • Conservative investors: 5-7% allocation
    • Moderate investors: 7-10% allocation
    • Aggressive investors: 10-15% allocation

    Diversification isn’t just about percentages – it’s about mixing investment vehicles:

    • Physical bullion (coins and bars)
    • ETFs tracking metal prices
    • Mining company stocks
    • Precious metal mutual funds
    • IRA-backed metal investments

    Advanced Buying Strategies

    Timing is everything in precious metal investments. It’s like surfing – you need to read the waves and position yourself perfectly.

    Dollar-cost averaging emerges as a brilliant strategy. Instead of trying to time the market perfectly, you invest a fixed amount regularly. This approach smooths out market volatility and reduces the risk of making a single, poorly-timed large investment.

    Pro tips for smart purchasing:

    • Research reputable dealers
    • Verify authenticity of physical metals
    • Compare pricing across multiple platforms
    • Consider storage and insurance costs
    • Stay informed about market trends

    Investment Vehicles Comparison

    Not all precious metal investments are created equal. Each vehicle offers unique advantages and potential drawbacks.

    Physical Bullion:

    • Pros: Tangible asset, direct ownership
    • Cons: Storage costs, potential liquidity challenges

    ETFs:

    • Pros: Easy trading, no physical storage
    • Cons: Management fees, no physical possession

    Mining Stocks:

    • Pros: Potential for significant returns
    • Cons: Influenced by company performance, not just metal prices

    Tax-Efficient Investment Approaches

    Taxes can significantly impact your investment returns. Smart investors understand how to minimize tax liability while staying completely compliant.

    Key strategies include:

    • Utilizing tax-advantaged retirement accounts
    • Holding investments for more than one year to qualify for long-term capital gains rates
    • Keeping meticulous records of purchases and sales
    • Consulting with a tax professional specializing in alternative investments

    Risk Mitigation and Protection

    No investment is without risk, but precious metals offer unique protection mechanisms. Think of them as financial insurance policies.

    Critical risk management techniques:

    • Never invest more than you can afford to lose
    • Spread investments across different metal types and investment vehicles
    • Regularly rebalance your portfolio
    • Stay informed about global economic indicators
    • Consider professional investment advice

    Future-Proofing Your Precious Metal Investments

    The future of precious metals looks incredibly promising. Emerging technologies, particularly in green energy and electronics, are driving unprecedented demand for silver and gold.

    Technological innovations like advanced solar panels and cutting-edge electronics rely heavily on these metals. This means your investment isn’t just a hedge – it’s potentially positioned for significant growth.

    Conclusion

    Maximizing gold and silver investments isn’t about getting rich overnight. It’s a strategic, patient approach to building financial resilience.

    Your next steps? Start small, stay informed, and continuously educate yourself. The world of precious metal investing is complex but incredibly rewarding.

    Ready to take control of your financial future? Begin your research, consult professionals, and remember – knowledge is your most valuable asset! It doesn’t hurt to ask questions in fact it’s a benefit.