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Gold slips, Dollar gains

ByVictoria

Gold prices fell sharply by Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday, amid a weak global trend and optimism surrounding a possible US-China trade agreement, according to media reports citing the All India Sarafa Association.

“Gold prices continued to decline as easing US-China trade tensions boosted investors’ risk appetite, reducing demand for safe-haven assets like bullion while a stronger dollar added downward pressure,” said Chintan Mehta, Chief Executive Officer of Abans Financial Services, as quoted in media reports.

“Rising geopolitical tensions could limit gold’s downside. As war risks escalate and new conflicts emerge, investors are likely to seek refuge in gold.”

Source – Kashmir Life

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    Copper miner Freeport-McMoRan reports better than expected profit

    ByVictoria
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    Phoenix-based Freeport also boosted its budget for the year by roughly 5% to $4.4 billion and forecast an increase for next year as well, surprising investors.

    On an adjusted basis, the company earned 31 cents per share in the quarter, compared with the analysts’ average estimate of 20 cents per share, according to data compiled by LSEG.

    Source – Reuters

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    HAPPY NATIONAL COIN WEEK!

    ByVictoria
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    Hey Numismatics!

    I’m sure that you’re looking for coins in honor of National Coin Week and you’re getting rare coins on eBay, Whatnot, Instagram or whatever you online buying you can find. Well, here you can find reputable coin and bullion dealers to buy in person and skip the shipping costs to get your coins.

    If you’re looking for rare coins and are in the Chicago area, check out Harlan J. Berk. They have more than 50 years of expertise in the precious metals space. They have a dedicated space to do more research on pieces and even help you enhance your portfolio.

    Coins are a specialty at Arizona Coins & Collectibles in Tucson, AZ ranging from ancient to modern. You will see coins on the walls and over 45 years of experience. If you’re not in the area, they have an online eBay store you can visit.

    At Bullion & Coin Exchange in Mesa, AZ they are recommended by the U.S Mint. If you’re looking for coins they’ve got you covered and have 39 years of experience to show for it.

    If you’re close to Pittsfield, MA then Pittsfield Precious Metals is the place to be for gold, silver, and you guessed it COINS! They offer a variety of collectibles and professional coin grading services.

    • American Eagles
    • Silver Rounds
    • Maple Leafs
    • Ancient Coins
    • Modern Coins

    These are what you can find at these local gold and silver dealers and coins dealers. See their listings and visit their sites. You won’t be disappointed at any of these locations. Their combined experience and expertise will give you comfort knowing you are investing with the right people.

    Happy Coin Hunting friends! Good luck!

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    Peter Schiff talks Silver

    ByVictoria
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    Renowned economist and gold advocate Peter Schiff has issued a bold new call: silver is about to break out – and fast. In a tweet posted earlier today, Schiff highlighted that silver has outperformed gold for two consecutive days, closing at $33.40 and touching an intraday high of $33.50.

    “Silver is the most underpriced hard asset on the planet. While gold protects wealth, silver could build it during the next financial reset.”

    Source – The Jerusalem Post

    Peter Schiff – is an American stockbroker, financial commentator, and radio personality. He is the author of How an Economy Works and Why It Crashes.

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    Marine Corps minted coins honoring 250th anniversary

    ByVictoria
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    The coins are available in gold, silver and clad metals and can be purchased individually or as a set. The $5 gold coin depicts the Marine Corps Color Guard; the $1 silver coin shows the flag raising at Iwo Jima; and the half-dollar clad coin features two Marines, one wearing the continental uniform of 1775 with a musket, and the other in modern-day camouflage uniform holding an M4 service rifle.

    Source – Stars and Stripes

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    Gold rises during holiday trade

    ByVictoria
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    Gold inched higher on Thursday in holiday-thinned trade, as investors focused on the U.S. Federal Reserve’s interest rate strategy and anticipated tariff policies under President-elect Donald Trump, both of which could influence the metal’s direction in the coming year.

    Source – Daksh Grover / Reuters

  • Mining in Peru suspended

    ByVictoria
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    Mining in Peru’s northern district of Pataz will be suspended for 30 days, President Dina Boluarte said on Monday, after 13 gold mine workers in the area were kidnapped and killed by illegal miners.

    On Sunday, miner Poderosa said the bodies of 13 workers from a local firm, R&R, which held a mining contract with Poderosa, had been recovered by police after they were kidnapped last month.

    “The armed forces will take control of the area where Poderosa operates,” Boluarte said, but did not provide details on how the mining pause would work.

    Peru is the world’s third-largest copper producer, but the deposits of the red metal are largely in the south. Gold and silver are mined in the north.

    Jorge Montoro, said the 30-day pause could be extended.

    Source – Reuters