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Gold prices higher, Silver prices lagging

Asian and European shares were mixed to weaker in trading overnight. U.S. stock indexes are set to open higher on corrective bounces following Friday’s big sell offs.

German stocks rose as investors cheered a win by German conservative leader Friedrich Merz in Sunday’s elections.

The Euro zone January consumer price index came in at up 2.5%, year-on-year, which was right in line with market expectations.

Source – KITCO News

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Gold and Silver in demand

“The uncertainty over US tariffs is pushing investors toward safe-haven assets like gold,” said Michael Hewson, Chief Market Analyst at CMC Markets.

The weaker US Dollar, coupled with uncertainties surrounding US trade policies, is supporting silver’s bullish momentum.

Gold (XAU/USD) is trading at $2,940.57, showing a modest gain of +0.07%.

Silver (XAG/USD) is trading at $32.68, slightly down by -0.03%.

Source – FXEMPIRE

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Investors looking at Codelco Copper company

“Codelco remains a good option to grab some extra spread over sovereign bonds.”

Copper futures are up about 15% this year in New York, although part of that is due to an up-tick in buying ahead of possible tariffs.

“Good governance and high copper prices should be good for bonds. Codelco is interesting.”

Source – Bloomberg

US Treasury yields down

Investors are expecting a packed week of economic data starting with the Chicago Fed National Activity Index for January out on Monday at 8:30 a.m. ET. This will be followed by the Dallas Fed Manufacturing Index at 10:30 a.m.

The most anticipated data for the week will be the personal consumption expenditure index, which will be delivered on Friday at 8:30 a.m. ET. The Federal Reserve’s preferred inflation gauge heavily influences the Fed’s rate-cutting decisions.

Source – CNBC

Over the Weekend!

Texas proposes gold and silver-backed currencies to compete with fiat money

“Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as ‘the representation of gold and silver specie and bullion held in the pooled depository account,’” wrote Mike Maharrey, Communications Director at the Tenth Amendment Center. “The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.”

If approved, the bills would enable “Holders of gold and silver specie and currency to use them as ‘legal tender in payment of debt,’ in the state of Texas,” he noted. “The gold and silver-backed currency would be electronically transferable to another person. Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.”

Source – KITCO News

Northeast Numismatics has special Lexington-Concord commemorative

Northeast Numismatics of Concord, Massachusetts, is the lone supplier of the special 2025-dated commemorative coin altered for this occasion. “We realized we were coming up on the 250th anniversary a few years ago and got the idea to do something special,” said Northeast owner Tom Caldwell.

Source – Coin World

First Amendment Final Coin

The five-year (2021-25) First Amendment to the United States Constitution coin series concludes this month with the release of the final issue.

The $100 platinum proof coins are priced at $1,545, and mintage is limited to 9,000. To order, visit the U.S. Mint’s website.

Source – The Reading Room

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CEO of Highland Copper discusses copper prices

O’Shea highlights the potential impact of the Trump administration’s focus on domestic resource independence and the importance of refining capacity in the U.S. Highland Copper aims to reach a construction decision for its Copperwood asset by the end of 2025

Source – KITCO News / Video