Gold
Gold made an attempt to settle below the support at $2870 – $2880 but lost momentum and climbed back above the $2900 level.
Silver
Silver rallied above the $32.00 level as gold/silver ratio pulled back below the psychologically important 90 level.
Platinum
Platinum is trying to settle above the resistance at $1025 – $1030 as demand for precious metals stays strong.
Source – FXEMPIRE
Investors are increasingly seeking safe-haven in hard assets like gold, silver, copper and platinum, historically viewed as stores of value in times of financial uncertainty, Saxo Bank’s Ole Hansen says in a note.
Source – Wall Street Journal
Futures (in finance) – Are contracts to buy or sell a specific underlying asset at a future date.
Source – MSN
Global Coin offers the 2025 1oz Gold Eagle in flawless NGC MS70 condition at dealer cost, including shipping and taxes. Early buyers receive a free 2025 Silver Eagle. Backed by an ironclad 30-day return policy, this exclusive promotion ends January 31, 2025.
To mark this special occasion, Global Coin is offering the Gold Eagle in flawless NGC MS70 condition for the dealer cost of $2,790, including shipping and taxes, through the end of January.
Promotion Details:
- Duration: Offer valid through January 31, 2025, or while supplies last.
- Bonus: A free 2025 Silver Eagle for the first 100 Gold Eagle buyers.
- Quality: All coins are certified in flawless Mint State 70 condition, representing the highest standards of coin grading.
- Shipping & Taxes: Included in the purchase price for seamless transactions.
Source – Business Insider / Markets Insider
Silver prices marched past the $34-an-ounce mark on Monday as market sentiment soured over the weekend in the wake of renewed US-China trade tensions.
Spot silver traded as high as $34.31 per ounce during the session, for a gain of more than 4%. Comex silver futures also rose 4.5% to $34.51 an ounce.
Source – Mining.com
Now, as Elon Musk brands the U.S. debt clock “terrifying,” bitcoin-backing U.S. senator Cynthia Lummis has pitched Musk a bitcoin “fix” to questions over the U.S. gold reserves.
“Bitcoin fixes this,” Lummis posted to X in response to Musk’s question about how often the U.S. gold in Fort Knox is reviewed. “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”
“The recent decrease in volatility, coupled with the rising price of gold, should highlight bitcoinʼs growing appeal as an alternative store of value,” analysts with the Bitfinex crypto exchange said in emailed comments. “We believe that while bitcoin may face some short-term pressures due to macroeconomic headwinds in the coming weeks, its long-term value proposition continues to strengthen.”
Source – Forbes
Arizona Sonoran Copper Company has successfully closed a public offering, raising C$51.75m ($37.6m) through the issuance of 25,875,000 common shares.
This includes 3.3 million shares from the full exercise of the over-allotment option by underwriters. Priced at C$2 per share, the offering is a strategic move to secure financial stability for the company’s upcoming projects.
Source – Mining Technology