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Gold up, investors nervous

ByVictoria
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“Gold has again moved to yet another record, with its safe-haven reputation shining bright,” said analysts at RBC Capital Markets. “With the uncertainty related to Fed independence, gold continues to benefit as a safe-haven, and one not tied to the U.S. dollar.”

Gold has been soaring since early April when investors, alarmed by Mr. Trump’s tariffs, starting selling Treasury bonds. On Tuesday, the spot price of a troy ounce of gold briefly reached above $3,500 before slipping lower.

Source – New York Times

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Gold, Silver and Platinum move above level

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Gold tests historic highs as the strong rally continues.

A move above the $2850 level will open the way to the test of the $2900 level.

In case silver stays above the $32.00 level, it will head towards the next resistance at $32.75 – $33.00.

In case platinum settles back above the $1000 level, it will move towards the resistance level at $1025 – $1030.

Source – FXEMPIRE

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Gold update, up 1.6%

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Gold prices rebounded on Thursday as investors bought bullion following a sharp decline in the previous session, while the focus remains on U.S.-China trade tensions.

Spot gold was up 1.6% at $3,338.79 an ounce, as of 1140 GMT. Bullion fell as much as 3% on Wednesday in its worst daily performance since late November.

“Gold’s pullback earlier has cleared some of the froth from its latest surge. That, in turn, attracted some buy-the-dip action amid still-persistent global trade war fears,” said Han Tan, chief market analyst at Exinity Group.

“Given the still-evident tailwinds for this precious metal, gold bugs could ultimately conquer the $3,500 level with conviction.”

Spot silver fell 0.3% to $33.44 an ounce, platinum was steady at $972.15 and palladium was down 0.2% at $942.28.

Source – Reuters

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Silver could still outperform gold in second half of 2025

ByVictoria
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“The white metal may get squeezed, as recovering Asian demand absorbs recent inventory builds in the aftermath of the Chinese slowdown and the base metal concentrate processing capacity increases,”

“We project the metal to average $36/oz in the final months of next year, making it a commodity outperformer as the XAU/XAG ratio challenges yearly lows.”

“With its low correlation to traditional assets such as equities and bonds, silver offers powerful diversification benefits,” Silver Institute said. “Historically, silver has proven its value during times of economic and geopolitical crises, serving as a reliable hedge against inflation, currency devaluation, and systemic financial instability. In the context of the modern global landscape, this role has become even more pronounced.”

Source – KITCO NEWS / written by Ernest Hoffman

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Copper climbs, tariff concerns continue

ByVictoria
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Benchmark LME copper futures are more than 9% higher so far this year, and Comex copper is 16% higher YTD, with the Comex now trading at a 10%-12% premium over LME, and Morgan Stanley analysts see more room for growth.

“We stay constructive on copper, our preferred base metal,” Morgan Stanley wrote. “Fundamentals and price signals are positive, and inventories are tightening as metal gets pulled to the U.S. Tariffs may bring demand concerns in the future, but for now physical markets continue to tighten.”

Source – Seeking Alpha

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Kentucky vetos House Bill 2

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In a landmark victory for coin dealers, collectors, and investors, the Kentucky General Assembly has overridden Governor Andy Beshear’s veto of House Bill 2, officially enacting a sales-tax exemption for currency, bullion, and coins.

Introduced Jan. 10, 2025, HB 2 passed the House with a 76–17 vote and the Senate with a 30–6 vote earlier this year. The veto override, finalized on March 27 with an 80-19 vote in the House and an 31-6 vote in the Senate, marks the successful conclusion of a year-long effort to protect Kentucky taxpayers.

Source – Coin World

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Resolute Mining generating cash despite Mali limbo

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The Mali situation will rumble on for some time: the company has already paid the country $160mn, agreed while Holohan was still detained, but will only have its longer-term future confirmed once signed on to the 2023 mining code. Berenberg analysts have slashed their cash profit forecasts for 2025 and 2026 by 34 and 39 per cent, respectively, taking them to $261mn and $219mn. 

Source – Investors Chronicle

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